B. Riley Wealth Advisors Inc. Reduces Holdings in Realty Income Co. (NYSE:O)

B. Riley Wealth Advisors Inc. trimmed its position in shares of Realty Income Co. (NYSE:O) by 6.5% in the third quarter, Holdings Channel.com reports. The firm owned 12,399 shares of the real estate investment trust’s stock after selling 863 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Realty Income were worth $781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton increased its position in shares of Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 211 shares during the last quarter. Creative Capital Management Investments LLC increased its holdings in Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Realty Income during the second quarter valued at approximately $42,000. Headlands Technologies LLC bought a new position in Realty Income during the 2nd quarter worth approximately $42,000. Finally, Pacifica Partners Inc. increased its holdings in shares of Realty Income by 89.2% in the 3rd quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 437 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the subject of a number of research reports. Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Barclays assumed coverage on Realty Income in a research report on Tuesday. They set an “equal weight” rating and a $59.00 price objective for the company. Finally, UBS Group dropped their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.23.

Realty Income Price Performance

Shares of NYSE O opened at $54.52 on Wednesday. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average of $58.75 and a two-hundred day moving average of $58.43. The company has a market capitalization of $47.72 billion, a price-to-earnings ratio of 51.92, a PEG ratio of 2.05 and a beta of 0.98.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 EPS. As a group, analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.264 per share. The ex-dividend date is Thursday, January 2nd. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is currently 300.96%.

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.