Farther Finance Advisors LLC Has $293,000 Stake in Realty Income Co. (NYSE:O)

Farther Finance Advisors LLC decreased its stake in Realty Income Co. (NYSE:O) by 6.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,491 shares of the real estate investment trust’s stock after selling 377 shares during the period. Farther Finance Advisors LLC’s holdings in Realty Income were worth $293,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Realty Income in the fourth quarter valued at about $32,000. BankPlus Trust Department bought a new stake in shares of Realty Income in the fourth quarter worth about $37,000. ST Germain D J Co. Inc. increased its holdings in shares of 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 worth $40,000 after acquiring an additional 567 shares in the last quarter. Luken Investment Analytics LLC bought a new stake in shares of Realty Income in the fourth quarter worth about $40,000. Finally, United Community Bank bought a new stake in shares of Realty Income in the fourth quarter worth about $43,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. 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. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Barclays increased their price objective on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Stock Down 0.0 %

O stock opened at $56.96 on Wednesday. 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 business has a 50 day moving average price of $55.28 and a two-hundred day moving average price of $57.60. The company has a market cap of $50.78 billion, a price-to-earnings ratio of 54.24, 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.

Realty Income (NYSE:O) last posted its quarterly 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 company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.2685 dividend. This represents a dividend yield of 5.7%. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio (DPR) is presently 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.