U.S. Capital Wealth Advisors LLC Invests $117,000 in Realty Income Co. (NYSE:O)

Posted by Defense World Staff on Apr 30th, 2023

U.S. Capital Wealth Advisors LLC bought a new position in shares of Realty Income Co. (NYSE:O – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,848 shares of the real estate investment trust’s stock, valued at approximately $117,000.

A number of other institutional investors have also modified their holdings of O. Panagora Asset Management Inc. grew its holdings in shares of Realty Income by 33.7% during the 1st quarter. Panagora Asset Management Inc. now owns 25,505 shares of the real estate investment trust’s stock worth $1,767,000 after purchasing an additional 6,433 shares during the period. Blair William & Co. IL boosted its holdings in Realty Income by 1.9% in the 1st quarter. Blair William & Co. IL now owns 18,695 shares of the real estate investment trust’s stock worth $1,296,000 after acquiring an additional 345 shares during the period. Prudential PLC purchased a new position in Realty Income in the 1st quarter worth approximately $592,000. Baird Financial Group Inc. boosted its holdings in Realty Income by 8.2% in the 1st quarter. Baird Financial Group Inc. now owns 115,733 shares of the real estate investment trust’s stock worth $8,020,000 after acquiring an additional 8,803 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in Realty Income by 5.6% in the 1st quarter. NewEdge Advisors LLC now owns 31,334 shares of the real estate investment trust’s stock worth $2,171,000 after acquiring an additional 1,671 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Realty Income Stock Performance

O stock opened at $62.84 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. The firm has a market cap of $41.51 billion, a P/E ratio of 44.25, a P/E/G ratio of 3.04 and a beta of 0.80. Realty Income Co. has a 12-month low of $55.50 and a 12-month high of $75.11. The stock’s 50 day simple moving average is $62.67 and its 200 day simple moving average is $63.53.

Realty Income (NYSE:O – Get Rating) last posted its quarterly earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.62). The firm had revenue of $888.65 million for 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 was up 29.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. As a group, equities research analysts predict that Realty Income Co. will post 4.1 EPS for the current year.

Realty Income Announces Dividend

The company also recently declared a apr 23 dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be given a dividend of $0.255 per share. This represents a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, April 28th. Realty Income’s dividend payout ratio is currently 215.49%.

Wall Street Analyst Weigh In

O has been the subject of a number of analyst reports. Mizuho decreased their price target on Realty Income from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, March 9th. Scotiabank upgraded Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $69.00 price target for the company in a report on Wednesday, April 12th. BNP Paribas initiated coverage on Realty Income in a report on Tuesday, January 17th. They issued a “neutral” rating and a $72.00 price target for the company. Royal Bank of Canada upped their price target on Realty Income from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. Finally, StockNews.com initiated coverage on Realty Income in a research report on Thursday, March 16th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $71.60.

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.