Liberty One Investment Management LLC Increases Stake in Realty Income Co.

Liberty One Investment Management LLC has increased its investment in Realty Income Co. (NYSE:O) by 8.6% during the fourth quarter of the year. According to the latest 13F filing with the Securities and Exchange Commission (SEC), the fund now holds a total of 77,493 shares of the real estate investment trust's stock after acquiring an additional 6,130 shares during the quarter. Following these purchases, Liberty One's holdings in Realty Income are valued at approximately $4,139,000.

A number of other institutional investors have also adjusted their stakes in Realty Income. Trust Co. of Vermont has raised its position by 12.7%, gaining 28,480 additional shares, bringing their total to 253,503 shares valued at $13,540,000. Similarly, Atlanta Consulting Group Advisors LLC entered the market with a new position valued at around $896,000 during the third quarter. Code Waechter LLC also acquired a new stake valued at approximately $1,308,000 during the same period. Additionally, Charles Schwab Investment Management Inc. increased its holdings by 5%, amassing a total of 9,729,229 shares, which are valued at $617,028,000 after acquiring an extra 463,286 shares. Lastly, Swiss National Bank raised its position by 1.4%, now owning 2,584,694 shares worth $163,921,000 following a purchase of 35,100 shares in the last quarter. Overall, institutional investors now own about 70.81% of Realty Income's stock.

Performance of Realty Income Stock

The shares of Realty Income opened at $54.62 recently. Its 50-day moving average stands at $54.92, while the two-hundred-day average is $58.32. The company has seen its shares range between a 12-month low of $50.65 and a high of $64.88, reflecting a market capitalization of $47.80 billion. Realty Income has a PE ratio of 52.02, with a PEG ratio of 1.85 and a beta of 1.00. The company reports a current ratio of 1.40, a quick ratio of 1.40, and a debt-to-equity ratio of 0.68.

Recent Earnings Announcement

Realty Income (NYSE:O) revealed its quarterly earnings data on November 4th, reporting earnings per share (EPS) of $0.30 for the quarter, which missed analysts' expectations of $1.05 by a significant margin of $0.75. The company recorded a net margin of 17.57% and a return on equity of 2.35%. It generated revenue of $1.33 billion, surpassing the consensus estimate of $1.26 billion. In comparison to the prior year, the company's revenue increased by 28.1%. Analysts project Realty Income will achieve an EPS of 4.19 for the ongoing year.

Dividend Announcement from Realty Income

In addition, Realty Income recently announced a dividend of $0.264, which is set to be paid on February 14th. Shareholders who are on record as of February 3rd will receive this dividend, which translates to an attractive dividend yield of 5.9%. The ex-dividend date is also on February 3rd. Notably, the company's dividend payout ratio is currently at 301.91%.

Analysts Update Price Targets

Several investment analysts have provided updates regarding Realty Income's stock. Mizuho has revised its price target down from $60.00 to $54.00 and indicated a "neutral" rating for the stock. Royal Bank of Canada lowered its target from $67.00 to $63.00, maintaining an "outperform" rating. Wells Fargo reaffirmed its "equal weight" rating and increased its price goal to $65.00, up from $62.00. Scotiabank adjusted its price target down to $59.00, giving it a "sector perform" rating. Finally, Barclays initiated coverage on Realty Income with a price target of $59.00 and an "equal weight" rating. Currently, twelve analysts recommend holding the stock, while three suggest a buy. MarketBeat data shows that Realty Income has an average rating of "Hold" and a consensus price target of $62.12.

About Realty Income

Realty Income, known as The Monthly Dividend Company, is a prominent player among S&P 500 companies and is included in the S&P 500 Dividend Aristocrats index. The company focuses on investing in real estate to generate consistent monthly dividends that grow over time. Realty Income operates as a real estate investment trust (REIT), and its monthly dividends are backed by the cash flows from over 15,450 real estate properties, which are primarily leased under long-term net lease agreements with commercial clients.

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