Trueblood Wealth Management LLC Takes $415,000 Position in Realty Income Co. (NYSE:O)

Trueblood Wealth Management LLC purchased a new position in Realty Income Co. (NYSE:O) during the fourth quarter, Holdings Channel.com reports. The firm purchased 7,233 shares of the real estate investment trust’s stock, valued at approximately $415,000.

Other hedge funds have also modified their holdings of the company. CGC Financial Services LLC acquired a new stake in shares of Realty Income in the second quarter valued at about $25,000. Compass Wealth Management LLC bought a new position in shares of Realty Income in the fourth quarter valued at approximately $25,000. Manchester Capital Management LLC raised its stake in shares of Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 423 shares during the last quarter. Stonebridge Capital Advisors LLC increased its holdings in shares of Realty Income by 96.7% in the second quarter. Stonebridge Capital Advisors LLC now owns 478 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 235 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its holdings in Realty Income by 302.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 429 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BMO Capital Markets began coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective on the stock. Stifel Nicolaus decreased their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, Mizuho cut their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.96.

Realty Income Stock Performance

O stock traded up $0.33 during mid-day trading on Thursday, hitting $54.10. The company had a trading volume of 6,312,233 shares, compared to its average volume of 7,284,843. The firm has a market cap of $46.59 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 5.46 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The stock’s fifty day moving average price is $53.22 and its two-hundred day moving average price is $53.32.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. On average, analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a mar 24 dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a $0.257 dividend. This is an increase from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date of this dividend is Friday, March 29th. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

Realty Income 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.