Lummis Asset Management LP Decreases Stake in Realty Income Co. (NYSE:O)

Lummis Asset Management LP reduced its stake in shares of Realty Income Co. (NYSE:O) by 5.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,154 shares of the real estate investment trust’s stock after selling 303 shares during the quarter. Lummis Asset Management LP’s holdings in Realty Income were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Arkadios Wealth Advisors increased its holdings in Realty Income by 13.1% in the 4th quarter. Arkadios Wealth Advisors now owns 23,143 shares of the real estate investment trust’s stock worth $1,236,000 after buying an additional 2,682 shares during the period. LongView Wealth Management boosted its holdings in shares of Realty Income by 39.0% in the 4th quarter. LongView Wealth Management now owns 35,188 shares of the real estate investment trust’s stock valued at $1,879,000 after acquiring an additional 9,878 shares during the last quarter. Walker Asset Management LLC boosted its holdings in shares of Realty Income by 4.8% in the 4th quarter. Walker Asset Management LLC now owns 6,045 shares of the real estate investment trust’s stock valued at $323,000 after acquiring an additional 278 shares during the last quarter. Saxon Interests Inc. acquired a new stake in shares of Realty Income in the fourth quarter worth $570,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of Realty Income by 20.3% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 20,203 shares of the real estate investment trust’s stock worth $1,079,000 after purchasing an additional 3,414 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on O. Barclays initiated coverage on shares of Realty Income in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price target on the stock. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Scotiabank dropped their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada decreased their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.12.

Realty Income Stock Performance

O opened at $54.62 on Friday. The firm’s fifty day simple moving average is $54.97 and its two-hundred day simple moving average is $58.31. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a market cap of $47.80 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 1.85 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business posted $1.02 earnings per share. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. Equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s payout ratio is 301.91%.

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.