Realty Income Co. (NYSE:O) Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its position in Realty Income Co. (NYSE:O) by 5.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 60,107 shares of the real estate investment trust’s stock after selling 3,290 shares during the period. Dakota Wealth Management’s holdings in Realty Income were worth $3,210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in O. Rosenberg Matthew Hamilton increased its position in shares of Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 211 shares in the last quarter. Creative Capital Management Investments LLC boosted its position in Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the period. ST Germain D J Co. Inc. increased its holdings in Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 567 shares in the last quarter. Pacifica Partners Inc. raised its position in Realty Income by 89.2% in the third quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 437 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in shares of Realty Income by 313.5% during the third quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 718 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the topic of several analyst reports. 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 report on Thursday, November 14th. Royal Bank of Canada dropped their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Mizuho decreased their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Scotiabank dropped their price target 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, January 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.12.

Realty Income Price Performance

Shares of NYSE O opened at $53.98 on Thursday. 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 company has a market capitalization of $47.24 billion, a price-to-earnings ratio of 51.41, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The business has a 50 day simple moving average of $54.82 and a 200-day simple moving average of $58.44.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm earned $1.02 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio is currently 301.91%.

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.