Kellett Wealth Advisors LLC Takes $281,000 Position in Realty Income Co. (NYSE:O)

Kellett Wealth Advisors LLC bought a new stake in Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,890 shares of the real estate investment trust’s stock, valued at approximately $281,000.

A number of other institutional investors have also modified their holdings of the business. Dynamic Advisor Solutions LLC increased its stake in Realty Income by 6.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 6,339 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 403 shares during the period. LexAurum Advisors LLC acquired a new position in Realty Income in the 4th quarter valued at $203,000. Vest Financial LLC increased its stake in Realty Income by 50.3% in the 4th quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock valued at $31,037,000 after buying an additional 180,974 shares during the period. Sowell Financial Services LLC increased its stake in Realty Income by 21.0% in the 4th quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust’s stock valued at $1,224,000 after buying an additional 3,681 shares during the period. Finally, Cohen Investment Advisors LLC increased its stake in Realty Income by 449.1% in the 4th quarter. Cohen Investment Advisors LLC now owns 35,391 shares of the real estate investment trust’s stock valued at $2,032,000 after buying an additional 28,946 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on O shares. Stifel Nicolaus decreased their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Royal Bank of Canada boosted their target price 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. Mizuho decreased their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. BMO Capital Markets started coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price on the stock. Finally, StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $60.96.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was 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 of the company’s stock, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

NYSE O traded up $0.74 during trading hours on Thursday, hitting $52.02. The company had a trading volume of 4,959,003 shares, compared to its average volume of 6,909,938. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $52.51 and a 200-day simple moving average of $53.33. The firm has a market cap of $44.80 billion, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 5.27 and a beta of 0.92.

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

Realty Income Dividend Announcement

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

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.