Sentry Investment Management LLC Sells 2,504 Shares of Realty Income Co. (NYSE:O)

Sentry Investment Management LLC lowered its holdings in shares of Realty Income Co. (NYSE:O) by 60.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,611 shares of the real estate investment trust’s stock after selling 2,504 shares during the quarter. Sentry Investment Management LLC’s holdings in Realty Income were worth $93,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of O. Compass Wealth Management LLC acquired a new position in Realty Income during the fourth quarter valued at approximately $25,000. Manchester Capital Management LLC grew its holdings in Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 423 shares during the last quarter. Baystate Wealth Management LLC increased its position in 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 period. FinTrust Capital Advisors LLC lifted its holdings in shares of Realty Income by 302.1% during the third 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. Finally, CVA Family Office LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $29,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 1.4 %

NYSE O opened at $52.02 on Friday. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The stock has a 50-day simple moving average of $52.49 and a 200 day simple moving average of $53.32. 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 company has a market capitalization of $44.80 billion, a PE ratio of 41.29, a P/E/G ratio of 5.32 and a beta of 0.92.

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

Realty Income Announces Dividend

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

Analyst Ratings Changes

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

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated 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 in the company, valued at $339,317.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

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.