Realty Income Co. (NYSE:O) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC lowered its stake in shares of Realty Income Co. (NYSE:O) by 20.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,558 shares of the real estate investment trust’s stock after selling 400 shares during the quarter. Lindbrook Capital LLC’s holdings in Realty Income were worth $89,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in O. International Assets Investment Management LLC lifted its stake in Realty Income by 19.5% during the 3rd quarter. International Assets Investment Management LLC now owns 5,824 shares of the real estate investment trust’s stock worth $289,000 after acquiring an additional 951 shares in the last quarter. Impact Partnership Wealth LLC lifted its stake in Realty Income by 1,034.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 2,587 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 2,359 shares in the last quarter. Meridian Wealth Management LLC lifted its stake in Realty Income by 105.5% during the 3rd quarter. Meridian Wealth Management LLC now owns 10,790 shares of the real estate investment trust’s stock worth $539,000 after acquiring an additional 5,540 shares in the last quarter. SS&H Financial Advisors Inc. acquired a new position in Realty Income during the 3rd quarter worth about $252,000. Finally, Oak Thistle LLC acquired a new position in Realty Income during the 3rd quarter worth about $520,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 0.5 %

Shares of O opened at $53.67 on Thursday. The company has a market capitalization of $46.22 billion, a P/E ratio of 42.60, a P/E/G ratio of 5.54 and a beta of 0.92. Realty Income Co. has a one year low of $45.03 and a one year 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 50-day moving average price of $52.59 and a 200 day moving average price of $53.45.

Realty Income (NYSE:O) last announced its quarterly earnings data 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). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company earned $1.00 EPS. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. Sell-side analysts forecast that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The company 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. 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%.

Analyst Ratings Changes

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

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the 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 in the company, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

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.