Park Place Capital Corp Reduces Stock Holdings in Realty Income Co. (NYSE:O)

Park Place Capital Corp reduced its position in Realty Income Co. (NYSE:O) by 29.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,423 shares of the real estate investment trust’s stock after selling 1,807 shares during the quarter. Park Place Capital Corp’s holdings in Realty Income were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Advisory Alpha LLC lifted its stake in shares of Realty Income by 9.4% during the 4th quarter. Advisory Alpha LLC now owns 4,232 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 364 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in Realty Income by 18.2% during the 4th quarter. Simon Quick Advisors LLC now owns 3,972 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 613 shares during the period. Alpha Cubed Investments LLC lifted its position in shares of Realty Income by 4.9% during the fourth quarter. Alpha Cubed Investments LLC now owns 15,947 shares of the real estate investment trust’s stock worth $852,000 after acquiring an additional 749 shares in the last quarter. Pure Financial Advisors LLC bought a new position in shares of Realty Income in the fourth quarter worth $268,000. Finally, Prairiewood Capital LLC grew its position in shares of Realty Income by 5.2% in the fourth quarter. Prairiewood Capital LLC now owns 70,885 shares of the real estate investment trust’s stock valued at $3,786,000 after purchasing an additional 3,499 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

O has been the topic of a number of recent research reports. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Scotiabank cut their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada reduced their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Mizuho lowered their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, UBS Group decreased their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.12.

Realty Income Trading Down 2.3 %

NYSE O opened at $53.98 on Thursday. The firm has a market capitalization of $47.24 billion, a PE ratio of 51.41, a P/E/G ratio of 1.98 and a beta of 1.00. The stock’s 50 day moving average is $54.82 and its 200 day moving average is $58.44. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last released its 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the company earned $1.02 earnings per share. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. Research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is currently 301.91%.

Realty Income Company 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.