Realty Income Co. (NYSE:O) Shares Sold by Perpetual Ltd

Perpetual Ltd reduced its stake in shares of Realty Income Co. (NYSE:O) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,488 shares of the real estate investment trust’s stock after selling 560 shares during the period. Perpetual Ltd’s holdings in Realty Income were worth $3,070,000 at the end of the most recent quarter.

Several other hedge funds and 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% during 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 during the last quarter. Creative Capital Management Investments LLC lifted its holdings in Realty Income by 133.3% during 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 during the last quarter. ST Germain D J Co. Inc. grew its position in shares of Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 567 shares in the last quarter. Pacifica Partners Inc. grew its position in shares of Realty Income by 89.2% in the 3rd quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 437 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Realty Income by 313.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 718 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Scotiabank decreased their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Finally, UBS Group dropped their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.12.

Realty Income Price Performance

Shares of O opened at $55.25 on Wednesday. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The stock’s fifty day moving average is $54.86 and its 200-day moving average is $58.42. 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 firm has a market capitalization of $48.35 billion, a price-to-earnings ratio of 52.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

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 for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 earnings per share. Equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. The ex-dividend date is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is 301.91%.

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.