BI Asset Management Fondsmaeglerselskab A S Lowers Position in Realty Income Co. (NYSE:O)

BI Asset Management Fondsmaeglerselskab A S cut its stake in Realty Income Co. (NYSE:OFree Report) by 32.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,362 shares of the real estate investment trust’s stock after selling 5,368 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Realty Income were worth $652,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in O. American National Bank acquired a new stake in shares of Realty Income in the 4th quarter worth $25,000. Manchester Capital Management LLC boosted its holdings in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 423 shares in the last quarter. Baystate Wealth Management LLC grew its stake in shares of Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Realty Income during the fourth quarter worth about $29,000. Finally, Operose Advisors LLC acquired a new position in shares of Realty Income during the third quarter valued at about $30,000. 70.81% of the stock is currently owned by institutional investors.

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Realty Income Trading Down 2.5 %

Shares of NYSE:O opened at $53.69 on Thursday. The company has a market capitalization of $46.75 billion, a PE ratio of 49.71, a PEG ratio of 4.81 and a beta of 0.92. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The business has a 50 day moving average of $53.47 and a two-hundred day moving average of $54.16. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:OGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. Realty Income’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. As a group, analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a jun 24 dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.2625 per share. This is a positive change from Realty Income’s previous jun 24 dividend of $0.26. The ex-dividend date is Monday, June 3rd. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 285.19%.

Wall Street Analyst Weigh In

O has been the topic of several research analyst reports. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus dropped their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Mizuho raised their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Finally, BMO Capital Markets assumed coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.38.

Get Our Latest Analysis on Realty Income

Realty Income Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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