Realty Income Co. (NYSE:O) Position Trimmed by SMART Wealth LLC

SMART Wealth LLC decreased its holdings in Realty Income Co. (NYSE:O) by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,774 shares of the real estate investment trust’s stock after selling 4,979 shares during the quarter. SMART Wealth LLC’s holdings in Realty Income were worth $736,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Rosenberg Matthew Hamilton lifted 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 purchasing an additional 211 shares in the last quarter. Creative Capital Management Investments LLC lifted its position in Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in shares of Realty Income by 306.5% during 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 buying an additional 567 shares during the period. Luken Investment Analytics LLC purchased a new position in shares of Realty Income during the 4th quarter valued at $40,000. Finally, Independence Bank of Kentucky increased its stake in shares of Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $54.27 on Friday. The firm’s 50-day moving average is $54.24 and its 200-day moving average is $58.34. The company has a market cap of $47.49 billion, a price-to-earnings ratio of 51.68, a PEG ratio of 1.96 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88.

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 (EPS) 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 firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm earned $1.02 earnings per share. The company’s revenue was up 28.1% on a year-over-year basis. Equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Stifel Nicolaus dropped their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Mizuho reduced their price objective 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. Finally, Scotiabank lowered their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Twelve 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.com, Realty Income has an average rating of “Hold” and an average target price 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.