Realty Income Co. (NYSE:O) Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. cut its position in Realty Income Co. (NYSE:O) by 4.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,621 shares of the real estate investment trust’s stock after selling 599 shares during the period. Duncker Streett & Co. Inc.’s holdings in Realty Income were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of O. Strategic Blueprint LLC acquired a new stake in shares of Realty Income in the third quarter valued at $204,000. Financial Advocates Investment Management boosted its holdings in Realty Income by 7.6% in the third quarter. Financial Advocates Investment Management now owns 8,349 shares of the real estate investment trust’s stock valued at $529,000 after purchasing an additional 591 shares during the period. US Bancorp DE boosted its holdings in Realty Income by 3.3% in the third quarter. US Bancorp DE now owns 141,506 shares of the real estate investment trust’s stock valued at $8,974,000 after purchasing an additional 4,516 shares during the period. Atlas Financial Advisors Inc. purchased a new position in Realty Income in the third quarter valued at $226,000. Finally, Farther Finance Advisors LLC boosted its holdings in Realty Income by 10.4% in the third quarter. Farther Finance Advisors LLC now owns 5,868 shares of the real estate investment trust’s stock valued at $372,000 after purchasing an additional 555 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on O shares. Stifel Nicolaus decreased 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. Scotiabank decreased their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday. Mizuho decreased their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Finally, BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.81.

Realty Income Stock Up 0.8 %

O opened at $57.03 on Friday. The business’s 50-day simple moving average is $54.25 and its 200-day simple moving average is $57.93. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The stock has a market capitalization of $49.91 billion, a P/E ratio of 54.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

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

Realty Income Increases Dividend

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

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.