Flynn Zito Capital Management LLC Takes $217,000 Position in Realty Income Co. (NYSE:O)

Flynn Zito Capital Management LLC acquired a new stake in shares of Realty Income Co. (NYSE:O) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,785 shares of the real estate investment trust’s stock, valued at approximately $217,000.

Several other large investors also recently added to or reduced their stakes in the company. Archer Investment Corp raised its stake in Realty Income by 253.5% during the 4th quarter. Archer Investment Corp now owns 972 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 697 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in Realty Income by 24.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 208 shares during the last quarter. Tyche Wealth Partners LLC acquired a new position in Realty Income during the fourth quarter worth $298,000. Desjardins Global Asset Management Inc. boosted its holdings in Realty Income by 47.3% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 6,440 shares of the real estate investment trust’s stock valued at $370,000 after acquiring an additional 2,067 shares during the period. Finally, Wealth Alliance boosted its holdings in Realty Income by 25.6% during the fourth quarter. Wealth Alliance now owns 21,953 shares of the real estate investment trust’s stock valued at $1,261,000 after acquiring an additional 4,476 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

O has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price for the company. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus dropped their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Royal Bank of Canada increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Finally, Mizuho dropped their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $60.96.

Realty Income Stock Up 1.5 %

O stock traded up $0.75 during midday trading on Thursday, hitting $52.03. The company’s stock had a trading volume of 4,954,422 shares, compared to its average volume of 6,898,200. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company’s fifty day moving average price is $52.51 and its 200 day moving average price is $53.33. The stock has a market capitalization of $44.81 billion, a P/E ratio of 40.97, a PEG ratio of 5.27 and a beta of 0.92.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. As a group, equities research analysts predict that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is presently 244.45%.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

About Realty Income

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.