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

Avior Wealth Management LLC decreased its holdings in shares of Realty Income Co. (NYSE:O) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,634 shares of the real estate investment trust’s stock after selling 727 shares during the quarter. Avior Wealth Management LLC’s holdings in Realty Income were worth $381,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its stake in shares of Realty Income by 100,285.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock valued at $547,028,000 after buying an additional 8,615,530 shares in the last quarter. Norges Bank purchased a new position in Realty Income in the fourth quarter valued at $316,245,000. Vanguard Group Inc. boosted its holdings in Realty Income by 3.9% in the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after purchasing an additional 4,172,231 shares during the period. Scharf Investments LLC purchased a new position in Realty Income in the third quarter valued at $122,526,000. Finally, Morgan Stanley lifted its holdings in Realty Income by 13.6% during the 4th quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock worth $1,202,097,000 after buying an additional 2,273,591 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on O. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Mizuho dropped their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Stifel Nicolaus dropped their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. BMO Capital Markets initiated coverage on 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, Royal Bank of Canada boosted their target price on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $60.96.

Realty Income Price Performance

Shares of NYSE:O opened at $52.02 on Friday. The business’s 50 day simple moving average is $52.49 and its 200-day simple moving average is $53.32. The firm has a market capitalization of $44.80 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 5.32 and a beta of 0.92. 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 12 month low of $45.03 and a 12 month high of $64.18.

Realty Income (NYSE:O) last announced its quarterly earnings results 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 firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned $1.00 EPS. Realty Income’s revenue was up 21.1% compared to the same quarter last year. As a group, equities analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Realty Income 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.