Clifford Swan Investment Counsel LLC Sells 335 Shares of Realty Income Co. (NYSE:O)

Clifford Swan Investment Counsel LLC lessened its stake in shares of Realty Income Co. (NYSE:O) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,611 shares of the real estate investment trust’s stock after selling 335 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Realty Income were worth $930,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of Realty Income by 86.2% in the 4th quarter. International Assets Investment Management LLC now owns 10,844 shares of the real estate investment trust’s stock valued at $623,000 after purchasing an additional 5,020 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Realty Income in the 4th quarter worth $210,000. Principal Securities Inc. bought a new stake in Realty Income during the fourth quarter valued at about $952,000. BNP Paribas Financial Markets grew its stake in Realty Income by 103.6% in the fourth quarter. BNP Paribas Financial Markets now owns 736,206 shares of the real estate investment trust’s stock valued at $42,273,000 after purchasing an additional 374,556 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Realty Income by 90.7% in the fourth quarter. QRG Capital Management Inc. now owns 45,766 shares of the real estate investment trust’s stock worth $2,628,000 after purchasing an additional 21,771 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on O shares. Morgan Stanley restated an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada upped their price target on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Stifel Nicolaus increased their price objective on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, KeyCorp began coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.38.

Realty Income Trading Up 0.7 %

Shares of NYSE:O opened at $62.86 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $63.39. The stock has a market cap of $54.74 billion, a price-to-earnings ratio of 58.20, a PEG ratio of 4.64 and a beta of 0.99. The business has a 50-day moving average price of $58.69 and a 200-day moving average price of $55.09.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business posted $1.00 earnings per share. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. Equities analysts predict that Realty Income Co. will post 3.93 EPS for the current year.

Realty Income Announces Dividend

The business also recently announced a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.263 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

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.