Glen Eagle Advisors LLC Reduces Stock Position in Realty Income Co. (NYSE:O)

Glen Eagle Advisors LLC lowered its stake in Realty Income Co. (NYSE:O) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,897 shares of the real estate investment trust’s stock after selling 1,383 shares during the quarter. Glen Eagle Advisors LLC’s holdings in Realty Income were worth $742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tcfg Wealth Management LLC raised its position in Realty Income by 2.9% in the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after acquiring an additional 186 shares during the period. Bay Rivers Group raised its position in Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after acquiring an additional 200 shares during the period. Smith Moore & CO. raised its position in Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 201 shares during the period. Parkside Financial Bank & Trust raised its position in Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 218 shares during the period. Finally, Howard Capital Management Inc. raised its position in Realty Income by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 229 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on O. Wedbush reiterated a “neutral” rating and issued a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Mizuho increased their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Royal Bank of Canada decreased their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Barclays restated an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, UBS Group decreased their price objective on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.15.

Realty Income Stock Performance

Shares of NYSE O opened at $56.20 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $50.75 billion, a P/E ratio of 53.52, a P/E/G ratio of 2.10 and a beta of 0.78. The firm’s fifty day moving average is $56.31 and its two-hundred day moving average is $55.69. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. The company had revenue of $1.31 billion for 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%. Realty Income’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. As a group, analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.2685 dividend. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income’s dividend payout ratio is currently 292.73%.

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.