Foundations Investment Advisors LLC Makes New Investment in Realty Income Co. (NYSE:O)

Posted by on Mar 21st, 2023

Foundations Investment Advisors LLC purchased a new position in shares of Realty Income Co. (NYSE:O – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,489 shares of the real estate investment trust’s stock, valued at approximately $285,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vectors Research Management LLC lifted its position in Realty Income by 21.3% during the 2nd quarter. Vectors Research Management LLC now owns 854 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 150 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of Realty Income by 2.8% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 5,803 shares of the real estate investment trust’s stock valued at $396,000 after purchasing an additional 160 shares during the period. BOKF NA raised its holdings in shares of Realty Income by 1.3% in the 2nd quarter. BOKF NA now owns 13,046 shares of the real estate investment trust’s stock valued at $890,000 after purchasing an additional 169 shares during the period. RMR Wealth Builders raised its holdings in shares of Realty Income by 3.3% in the 3rd quarter. RMR Wealth Builders now owns 5,459 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 174 shares during the period. Finally, Tiemann Investment Advisors LLC raised its holdings in shares of Realty Income by 0.9% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 18,851 shares of the real estate investment trust’s stock valued at $1,097,000 after purchasing an additional 177 shares during the period. 80.56% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of NYSE:O opened at $61.97 on Tuesday. The company’s 50 day moving average price is $65.57 and its two-hundred day moving average price is $63.70. Realty Income Co. has a 12-month low of $55.50 and a 12-month high of $75.40. The firm has a market cap of $40.93 billion, a PE ratio of 43.64, a PEG ratio of 5.01 and a beta of 0.79. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.63.

Realty Income (NYSE:O – Get Rating) last announced its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). Realty Income had a return on equity of 3.14% and a net margin of 26.00%. The business had revenue of $888.65 million for the quarter, compared to analyst estimates of $840.57 million. During the same quarter in the previous year, the company earned $0.94 EPS. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. Equities research analysts predict that Realty Income Co. will post 4.09 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a mar 23 dividend, which will be paid on Friday, April 14th. Shareholders of record on Monday, April 3rd will be given a dividend of $0.255 per share. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, March 31st. This is a positive change from Realty Income’s previous mar 23 dividend of $0.25. Realty Income’s dividend payout ratio is presently 214.79%.

Wall Street Analysts Forecast Growth

O has been the topic of a number of research analyst reports. Mizuho dropped their target price on shares of Realty Income from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, March 9th. BNP Paribas began coverage on shares of Realty Income in a report on Tuesday, January 17th. They issued a “neutral” rating and a $72.00 target price on the stock. Raymond James lowered shares of Realty Income from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. Royal Bank of Canada upped their price target on shares of Realty Income from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. Finally, StockNews.com began coverage on shares of Realty Income in a research note on Thursday, March 16th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $72.00.

About Realty Income

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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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