Brown Lisle Cummings Inc. Sells 500 Shares of Realty Income Co. (NYSE:O)

Brown Lisle Cummings Inc. reduced its position in Realty Income Co. (NYSE:O) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,425 shares of the real estate investment trust’s stock after selling 500 shares during the period. Brown Lisle Cummings Inc.’s holdings in Realty Income were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in O. ZWJ Investment Counsel Inc. raised its holdings in shares of Realty Income by 0.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $1,857,000 after purchasing an additional 164 shares during the last quarter. Whittier Trust Co. grew its position in Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 166 shares during the period. Greenleaf Trust raised its stake in Realty Income by 1.0% during the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after buying an additional 170 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of Realty Income by 14.3% during the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 176 shares during the period. Finally, Buckley Wealth Management LLC boosted its stake in shares of Realty Income by 1.9% in the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 176 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.8 %

NYSE O opened at $54.08 on Wednesday. The stock has a market cap of $47.33 billion, a PE ratio of 51.50, a P/E/G ratio of 1.96 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock’s 50 day moving average is $54.39 and its 200 day moving average is $58.39.

Realty Income (NYSE:O) last posted its quarterly earnings data 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). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the company earned $1.02 earnings per share. Research analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

Analysts Set New Price Targets

O has been the subject of a number of research reports. Scotiabank reduced their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Mizuho lowered their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. UBS Group dropped their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, Stifel Nicolaus reduced their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.81.

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.