TD Private Client Wealth LLC Sells 6,340 Shares of Realty Income Co. (NYSE:O)

TD Private Client Wealth LLC decreased its position in Realty Income Co. (NYSE:O) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,435 shares of the real estate investment trust’s stock after selling 6,340 shares during the quarter. TD Private Client Wealth LLC’s holdings in Realty Income were worth $2,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income in the fourth quarter worth about $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income during the 4th quarter worth approximately $29,000. Sierra Ocean LLC bought a new position in Realty Income during the 4th quarter worth approximately $32,000. BankPlus Trust Department bought a new position in Realty Income during the 4th quarter worth approximately $37,000. Finally, ST Germain D J Co. Inc. grew its position in Realty Income by 306.5% during 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 during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on O. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Scotiabank reduced their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Finally, Stifel Nicolaus reduced their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Trading Down 1.2 %

NYSE O opened at $55.79 on Friday. 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 Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The firm has a market capitalization of $49.73 billion, a PE ratio of 53.13, a P/E/G ratio of 2.10 and a beta of 1.00. The stock’s 50 day moving average is $55.52 and its 200 day moving average is $57.54.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is currently 328.57%.

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.