Allen Capital Group LLC Has $850,000 Stock Position in Realty Income Co. (NYSE:O)

Allen Capital Group LLC trimmed its stake in Realty Income Co. (NYSE:O) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,916 shares of the real estate investment trust’s stock after selling 1,041 shares during the quarter. Allen Capital Group LLC’s holdings in Realty Income were worth $850,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Parnassus Investments LLC raised its holdings in Realty Income by 7.4% in the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after acquiring an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after purchasing an additional 242,786 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after purchasing an additional 463,286 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Realty Income by 765.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after purchasing an additional 6,673,617 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after buying an additional 3,112,560 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on O. Mizuho decreased their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a research report on Monday. Scotiabank lowered their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays initiated coverage on Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price for the company. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Price Performance

Shares of Realty Income stock opened at $54.92 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market cap of $48.06 billion, a PE ratio of 52.31, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company’s fifty day simple moving average is $54.62 and its two-hundred day simple moving average is $58.46.

Realty Income (NYSE:O) last released its quarterly 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). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 earnings per share. As a group, equities analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio is currently 300.95%.

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.