International Assets Investment Management LLC Buys 11,394 Shares of Realty Income Co. (NYSE:O)

Posted by on Apr 11th, 2023

International Assets Investment Management LLC lifted its stake in shares of Realty Income Co. (NYSE:O – Get Rating) by 242.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,088 shares of the real estate investment trust’s stock after acquiring an additional 11,394 shares during the quarter. International Assets Investment Management LLC’s holdings in Realty Income were worth $1,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Teamwork Financial Advisors LLC raised its holdings in shares of Realty Income by 4.6% during the 4th quarter. Teamwork Financial Advisors LLC now owns 7,591 shares of the real estate investment trust’s stock worth $482,000 after acquiring an additional 335 shares in the last quarter. Insight Folios Inc raised its position in Realty Income by 4.1% during the third quarter. Insight Folios Inc now owns 90,686 shares of the real estate investment trust’s stock valued at $5,278,000 after purchasing an additional 3,587 shares during the period. IFP Advisors Inc lifted its stake in shares of Realty Income by 5.1% in the 3rd quarter. IFP Advisors Inc now owns 22,312 shares of the real estate investment trust’s stock valued at $965,000 after purchasing an additional 1,077 shares during the last quarter. Caliber Wealth Management LLC purchased a new position in shares of Realty Income in the 4th quarter worth approximately $292,000. Finally, Mirabella Financial Services LLP bought a new position in shares of Realty Income during the 3rd quarter valued at approximately $484,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

O has been the subject of a number of recent analyst reports. StockNews.com began coverage on shares of Realty Income in a research note on Thursday, March 16th. They set a “sell” rating for the company. Royal Bank of Canada boosted their target price on Realty Income from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Mizuho reduced their price target on Realty Income from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, March 9th. Raymond James downgraded shares of Realty Income from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. Finally, Stifel Nicolaus decreased their target price on Realty Income from $72.25 to $71.00 and set a “buy” rating for the company in a research report on Thursday, March 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.89.

Realty Income Stock Up 0.1 %

Shares of NYSE:O opened at $62.65 on Tuesday. Realty Income Co. has a 52-week low of $55.50 and a 52-week high of $75.40. The stock has a market cap of $41.38 billion, a P/E ratio of 44.12, a PEG ratio of 3.06 and a beta of 0.80. The business has a fifty day moving average of $64.13 and a two-hundred day moving average of $63.30. 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 posted its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.62). The firm had revenue of $888.65 million during the quarter, compared to analyst estimates of $840.57 million. Realty Income had a net margin of 26.00% and a return on equity of 3.14%. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. On average, research analysts expect that Realty Income Co. will post 4.09 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, March 31st. This is a boost from Realty Income’s previous mar 23 dividend of $0.25. This represents a dividend yield of 4.8%. Realty Income’s dividend payout ratio (DPR) is currently 215.49%.

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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