Realty Income Co. (NYSE:O) Stake Cut by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC decreased its holdings in Realty Income Co. (NYSE:O) by 23.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,444 shares of the real estate investment trust’s stock after selling 2,336 shares during the period. Verdence Capital Advisors LLC’s holdings in Realty Income were worth $427,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in O. International Assets Investment Management LLC grew its stake in shares of Realty Income by 19.5% in the 3rd quarter. International Assets Investment Management LLC now owns 5,824 shares of the real estate investment trust’s stock valued at $289,000 after buying an additional 951 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of Realty Income by 49.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,972 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 1,965 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Realty Income by 43.4% during the 3rd quarter. HB Wealth Management LLC now owns 7,712 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 2,334 shares in the last quarter. Impact Partnership Wealth LLC lifted its stake in shares of Realty Income by 1,034.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 2,587 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,359 shares during the last quarter. Finally, Founders Financial Securities LLC boosted its holdings in Realty Income by 19.1% in the third quarter. Founders Financial Securities LLC now owns 20,276 shares of the real estate investment trust’s stock worth $1,013,000 after purchasing an additional 3,254 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Up 0.6 %

NYSE O opened at $53.34 on Tuesday. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $45.93 billion, a PE ratio of 42.33, a PEG ratio of 5.50 and a beta of 0.92. The firm has a 50-day simple moving average of $52.51 and a 200 day simple moving average of $53.43.

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

Realty Income Announces Dividend

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

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’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 completion of the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.