Aspire Growth Partners LLC Takes Position in Realty Income Co. (NYSE:O)

Aspire Growth Partners LLC acquired a new position in Realty Income Co. (NYSE:O) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,328 shares of the real estate investment trust’s stock, valued at approximately $231,000.

Several other large investors have also recently modified their holdings of O. Lee Danner & Bass Inc. purchased a new position in Realty Income in the fourth quarter worth $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income during the 4th quarter worth $29,000. Sierra Ocean LLC acquired a new position in Realty Income during the 4th quarter valued at about $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income in the fourth quarter valued at about $34,000. Finally, BankPlus Trust Department acquired a new stake in Realty Income in the fourth quarter worth about $37,000. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on O shares. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Mizuho raised their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 3rd. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Barclays reaffirmed an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.35.

Realty Income Trading Down 0.4 %

Shares of NYSE:O opened at $56.94 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The business has a 50 day moving average of $56.58 and a two-hundred day moving average of $56.25. The company has a market capitalization of $50.78 billion, a PE ratio of 54.23, a PEG ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.2685 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. Realty Income’s dividend payout ratio is currently 328.57%.

Realty Income Company Profile

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.