Realty Income Co. (NYSE:O) Stake Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in shares of Realty Income Co. (NYSE:O) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 375,300 shares of the real estate investment trust’s stock after selling 41,080 shares during the period. Nisa Investment Advisors LLC’s holdings in Realty Income were worth $20,045,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC raised its position in shares of 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 worth $212,000 after buying an additional 613 shares in the last quarter. Alpha Cubed Investments LLC raised its holdings in 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 purchasing an additional 749 shares in the last quarter. Pure Financial Advisors LLC acquired a new stake in Realty Income in the fourth quarter worth approximately $268,000. Prairiewood Capital LLC boosted its stake in Realty Income by 5.2% during the 4th 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. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Realty Income by 2.1% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 11,190 shares of the real estate investment trust’s stock valued at $598,000 after purchasing an additional 230 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. UBS Group dropped their target price 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. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Stifel Nicolaus reduced their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Mizuho reduced their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $62.12.

Realty Income Price Performance

NYSE O opened at $53.98 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $47.24 billion, a PE ratio of 51.41, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a 50 day moving average price of $54.82 and a two-hundred day moving average price of $58.44.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) 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 the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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