Sigma Planning Corp Sells 34,182 Shares of Realty Income Co. (NYSE:O)

Sigma Planning Corp decreased its holdings in Realty Income Co. (NYSE:O) by 67.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,300 shares of the real estate investment trust’s stock after selling 34,182 shares during the period. Sigma Planning Corp’s holdings in Realty Income were worth $936,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Baystate Wealth Management LLC boosted its stake in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 190 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in Realty Income by 5.2% during the third quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 202 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted 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 valued at $61,000 after purchasing an additional 208 shares in the last quarter. Caprock Group LLC lifted its position in Realty Income by 3.4% during the fourth quarter. Caprock Group LLC now owns 6,964 shares of the real estate investment trust’s stock valued at $402,000 after purchasing an additional 231 shares in the last quarter. Finally, Jeppson Wealth Management LLC lifted its position in Realty Income by 1.6% during the third quarter. Jeppson Wealth Management LLC now owns 15,094 shares of the real estate investment trust’s stock valued at $754,000 after purchasing an additional 243 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’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 transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada raised their price target on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Mizuho decreased their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. BMO Capital Markets initiated coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. Finally, Stifel Nicolaus decreased their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.96.

Realty Income Trading Up 0.2 %

Shares of O stock opened at $53.41 on Wednesday. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $52.54 and its 200-day moving average price is $53.45. The stock has a market capitalization of $45.99 billion, a price-to-earnings ratio of 42.39, a price-to-earnings-growth ratio of 5.53 and a beta of 0.92.

Realty Income (NYSE:O) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. The company’s revenue was up 21.1% compared to the same quarter last year. Equities research analysts predict that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders 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 yield of 5.9%. Realty Income’s payout ratio is currently 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.