Foundations Investment Advisors LLC Has $1.28 Million Position in Realty Income Corporation $O

Foundations Investment Advisors LLC increased its holdings in shares of Realty Income Corporation (NYSE:O) by 88.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 21,129 shares of the real estate investment trust’s stock after purchasing an additional 9,899 shares during the period. Foundations Investment Advisors LLC’s holdings in Realty Income were worth $1,284,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 615 shares during the last quarter. Bison Wealth LLC bought a new position in Realty Income during the fourth quarter worth $571,000. Empowered Funds LLC raised its stake in Realty Income by 8.0% during the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 1,330 shares during the last quarter. Woodline Partners LP boosted its holdings in Realty Income by 41.3% in the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after purchasing an additional 21,603 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in Realty Income by 14.9% in the 1st quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock valued at $1,474,000 after purchasing an additional 3,290 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on O shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Morgan Stanley boosted their price target on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th. Scotiabank raised Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $67.00 price target for the company in a report on Friday. Mizuho decreased their price objective on Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Finally, Barclays upped their target price on Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus price target of $63.21.

Realty Income Trading Up 0.7%

Shares of O opened at $61.18 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The stock has a market cap of $56.28 billion, a PE ratio of 56.65, a PEG ratio of 3.90 and a beta of 0.80. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $61.95. The stock has a 50 day simple moving average of $58.27 and a 200-day simple moving average of $58.36.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a dividend of $0.27 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s dividend payout ratio (DPR) is currently 300.00%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.