Realty Income Co. (NYSE:O) Holdings Decreased by Concord Wealth Partners

Concord Wealth Partners lessened its stake in Realty Income Co. (NYSE:O) by 32.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 528 shares of the real estate investment trust’s stock after selling 254 shares during the quarter. Concord Wealth Partners’ holdings in Realty Income were worth $30,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of O. Robeco Institutional Asset Management B.V. raised its stake in shares of Realty Income by 8.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 115,957 shares of the real estate investment trust’s stock worth $5,791,000 after buying an additional 9,207 shares in the last quarter. Mission Wealth Management LP raised its position in Realty Income by 7.9% in the third quarter. Mission Wealth Management LP now owns 4,288 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 315 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in 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 acquiring an additional 429 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Realty Income by 2.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 362,393 shares of the real estate investment trust’s stock valued at $18,098,000 after purchasing an additional 8,255 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Realty Income by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,435,062 shares of the real estate investment trust’s stock worth $271,427,000 after purchasing an additional 135,249 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

O stock opened at $55.26 on Friday. The firm has a 50 day simple moving average of $52.78 and a 200 day simple moving average of $53.58. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The stock has a market cap of $47.59 billion, a P/E ratio of 43.86, a P/E/G ratio of 5.70 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28.

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

Realty Income Announces Dividend

The company also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.257 dividend. The ex-dividend date is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is currently 244.45%.

Analysts Set New Price Targets

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

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.