Realty Income Co. (NYSE:O) Stake Decreased by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lessened its holdings in shares of Realty Income Co. (NYSE:O) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,101 shares of the real estate investment trust’s stock after selling 599 shares during the period. Checchi Capital Advisers LLC’s holdings in Realty Income were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in Realty Income by 1.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 41,570 shares of the real estate investment trust’s stock worth $2,636,000 after purchasing an additional 677 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Realty Income by 2,938.5% during the third quarter. International Assets Investment Management LLC now owns 301,572 shares of the real estate investment trust’s stock worth $19,126,000 after purchasing an additional 291,647 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Realty Income by 7.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 149,273 shares of the real estate investment trust’s stock worth $9,467,000 after purchasing an additional 10,287 shares in the last quarter. abrdn plc raised its holdings in Realty Income by 15.4% during the third quarter. abrdn plc now owns 1,282,800 shares of the real estate investment trust’s stock worth $81,079,000 after purchasing an additional 171,236 shares in the last quarter. Finally, MONECO Advisors LLC bought a new stake in Realty Income during the third quarter worth approximately $310,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.3 %

NYSE O opened at $56.07 on Thursday. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $49.07 billion, a price-to-earnings ratio of 53.40, a PEG ratio of 2.10 and a beta of 1.00. The firm’s 50 day moving average price is $54.07 and its two-hundred day moving average price is $57.98.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.268 per share. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, March 3rd. Realty Income’s payout ratio is currently 305.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Barclays dropped their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Scotiabank dropped their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday. Finally, Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $61.96.

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.