Yousif Capital Management LLC Cuts Holdings in Realty Income Co. (NYSE:O)

Yousif Capital Management LLC lessened its stake in Realty Income Co. (NYSE:O) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 235,987 shares of the real estate investment trust’s stock after selling 6,715 shares during the quarter. Yousif Capital Management LLC’s holdings in Realty Income were worth $13,550,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in O. Manchester Capital Management LLC raised its holdings in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 423 shares in the last quarter. Baystate Wealth Management LLC increased its position in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 429 shares in the last quarter. CVA Family Office LLC purchased a new stake in shares of Realty Income during the 4th quarter worth $29,000. Finally, Operose Advisors LLC purchased a new stake in shares of Realty Income during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O traded up $0.20 during mid-day trading on Wednesday, hitting $53.59. The company’s stock had a trading volume of 3,663,699 shares, compared to its average volume of 6,823,351. The firm has a 50-day simple moving average of $52.54 and a 200 day simple moving average of $53.45. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The firm has a market capitalization of $46.15 billion, a P/E ratio of 42.56, a P/E/G ratio of 5.53 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. Analysts predict that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s payout ratio is 244.44%.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on O shares. Royal Bank of Canada raised their price target on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BMO Capital Markets assumed coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Mizuho cut their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, Stifel Nicolaus decreased their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.96.

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.