Verdence Capital Advisors LLC Has $436,000 Position in Realty Income Co. (NYSE:O)

Posted by on Apr 2nd, 2023

Verdence Capital Advisors LLC lessened its position in Realty Income Co. (NYSE:O – Get Rating) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,872 shares of the real estate investment trust’s stock after selling 1,899 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Realty Income were worth $436,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Redhawk Wealth Advisors Inc. boosted its stake in shares of Realty Income by 2.8% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 5,803 shares of the real estate investment trust’s stock worth $396,000 after acquiring an additional 160 shares during the period. RMR Wealth Builders raised its holdings in 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 acquiring an additional 174 shares in the last quarter. Tiemann Investment Advisors LLC raised its holdings in 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 acquiring an additional 177 shares in the last quarter. Buckingham Strategic Wealth LLC raised its holdings in Realty Income by 2.2% in the 3rd quarter. Buckingham Strategic Wealth LLC now owns 8,501 shares of the real estate investment trust’s stock valued at $495,000 after acquiring an additional 179 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its holdings in shares of Realty Income by 2.2% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 8,718 shares of the real estate investment trust’s stock worth $507,000 after buying an additional 184 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Realty Income Trading Up 1.5 %

Shares of O stock opened at $63.32 on Friday. Realty Income Co. has a 52-week low of $55.50 and a 52-week high of $75.40. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $41.82 billion, a PE ratio of 44.59, a PEG ratio of 3.05 and a beta of 0.79. The stock has a fifty day simple moving average of $64.71 and a two-hundred day simple moving average of $63.34.

Realty Income (NYSE:O – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). The business had revenue of $888.65 million during the quarter, compared to the consensus estimate of $840.57 million. Realty Income had a net margin of 26.00% and a return on equity of 3.14%. The firm’s revenue was up 29.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. On average, analysts predict that Realty Income Co. will post 4.11 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Raymond James lowered Realty Income from an “outperform” rating to a “market perform” rating in a research report on Monday, January 9th. BNP Paribas assumed coverage on Realty Income in a research note on Tuesday, January 17th. They set a “neutral” rating and a $72.00 price target on the stock. Mizuho lowered their price objective on Realty Income from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, March 9th. StockNews.com started coverage on Realty Income in a report on Thursday, March 16th. They issued a “sell” rating for the company. Finally, Royal Bank of Canada increased their price objective on Realty Income from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $71.89.

Realty Income Company Profile

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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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