Kovack Advisors Inc. Reduces Stock Holdings in Realty Income Co. (NYSE:O)

Kovack Advisors Inc. lowered its holdings in Realty Income Co. (NYSE:O) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,701 shares of the real estate investment trust’s stock after selling 4,057 shares during the quarter. Kovack Advisors Inc.’s holdings in Realty Income were worth $1,106,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in O. Rosenberg Matthew Hamilton grew its stake in shares of Realty Income by 75.4% during the 3rd 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 period. Sierra Ocean LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $32,000. Creative Capital Management Investments LLC boosted its holdings in Realty Income by 133.3% during the third 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 in the last quarter. BankPlus Trust Department acquired a new stake in Realty Income during the fourth quarter valued at $37,000. Finally, ST Germain D J Co. Inc. increased its holdings in Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $56.59 on Friday. The company has a market cap of $49.52 billion, a P/E ratio of 53.89, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company’s 50-day moving average price is $54.16 and its 200-day moving average price is $57.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

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

Realty Income Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.268 dividend. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. Realty Income’s dividend payout ratio is presently 327.55%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Scotiabank lowered their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Barclays lowered their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Finally, Mizuho dropped their price target 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. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus price target of $61.96.

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.