Berry Wealth Group LP Raises Holdings in Realty Income Co. (NYSE:O)
Berry Wealth Group LP increased its holdings in Realty Income Co. (NYSE:O) by 11.7% in Q4, owning 45,405 shares valued at $2.425 million. Other investors also adjusted their positions, with Trust Co. of Vermont raising its stake by 12.7%. Realty Income's stock opened at $54.64, with a market cap of $47.82 billion. The company reported $0.30 EPS, missing estimates, and announced a dividend of $0.264 payable on February 14. Analysts have mixed ratings, with target prices ranging from $54 to $70.
Berry Wealth Group LP increased its position in Realty Income Co. (NYSE:O - Free Report) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,405 shares of the real estate investment trust's stock after buying an additional 4,745 shares during the quarter. Realty Income comprises about 3.8% of Berry Wealth Group LP's investment portfolio, making the stock its 18th biggest position. Berry Wealth Group LP's holdings in Realty Income were worth $2,425,000 at the end of the most recent reporting period.
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Other large investors have also made changes to their positions in the company. Trust Co. of Vermont raised its position in Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock valued at $13,540,000 after purchasing an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new position in Realty Income in the third quarter valued at about $896,000. Code Waechter LLC purchased a new position in Realty Income in the third quarter valued at about $1,308,000. Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock valued at $617,028,000 after acquiring an additional 463,286 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust's stock valued at $163,921,000 after acquiring an additional 35,100 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.
Realty Income Stock Performance
Shares of NYSE O opened at $54.64 on Friday. The stock has a fifty day moving average price of $54.45 and a two-hundred day moving average price of $58.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $47.82 billion, a P/E ratio of 52.04, a PEG ratio of 1.94 and a beta of 1.00. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.
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Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.02 earnings per share. Research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.
Realty Income Announces Dividend
The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.264 dividend. The ex-dividend date is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income's dividend payout ratio (DPR) is presently 301.91%.
Analyst Upgrades and Downgrades
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Several brokerages have recently weighed in on O. Barclays began coverage on Realty Income in a research note on Tuesday, December 17th. They set an "equal weight" rating and a $59.00 target price for the company. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Scotiabank decreased their price target on Realty Income from $61.00 to $59.00 and set a "sector perform" rating for the company in a research note on Thursday, January 16th. Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $62.00 price target on shares of Realty Income in a research note on Monday, January 27th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $62.04.
Check Out Our Latest Report on Realty Income
Realty Income Company Profile
(Free Report)Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.
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