Realty Income Co. (NYSE:O) Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC lowered its holdings in Realty Income Co. (NYSE:O) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,465 shares of the real estate investment trust’s stock after selling 247 shares during the period. HB Wealth Management LLC’s holdings in Realty Income were worth $429,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. CGC Financial Services LLC purchased a new position in Realty Income in the second quarter worth approximately $25,000. Compass Wealth Management LLC purchased a new position in Realty Income in the fourth quarter worth approximately $25,000. Manchester Capital Management LLC lifted its stake in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 423 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its position in shares of Realty Income by 96.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 478 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 235 shares during the last quarter. Finally, FinTrust Capital Advisors LLC lifted its position in shares of Realty Income by 302.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

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

Realty Income Stock Performance

NYSE:O opened at $53.77 on Thursday. 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 firm’s fifty day simple moving average is $53.22 and its 200-day simple moving average is $53.32. The stock has a market cap of $46.30 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 5.42 and a beta of 0.92.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS 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 business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. Realty Income’s quarterly revenue was up 21.1% on a year-over-year basis. Analysts expect that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a mar 24 dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be issued a $0.257 dividend. This represents a yield of 6%. This is a positive change from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date of this dividend is Friday, March 29th. Realty Income’s dividend payout ratio is 244.45%.

Realty Income Company Profile

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.