Harbour Investments Inc. Trims Stock Holdings in Realty Income Co. (NYSE:O)

Harbour Investments Inc. lowered its position in shares of Realty Income Co. (NYSE:O) by 16.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,502 shares of the real estate investment trust’s stock after selling 2,132 shares during the period. Harbour Investments Inc.’s holdings in Realty Income were worth $561,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income in the 4th quarter worth approximately $29,000. Sierra Ocean LLC purchased a new stake in shares of Realty Income in the fourth quarter worth $32,000. BankPlus Trust Department bought a new position in shares of Realty Income during the fourth quarter valued at $37,000. ST Germain D J Co. Inc. raised its position in shares of Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares during the last quarter. Finally, Luken Investment Analytics LLC bought a new position in Realty Income in the 4th quarter worth about $40,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $56.45 on Friday. 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 $50.33 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The firm’s 50 day moving average price is $55.44 and its 200-day moving average price is $57.58. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Equities research analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is currently 328.57%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on O. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. Royal Bank of Canada decreased their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Mizuho cut their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began 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, Scotiabank lowered their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus price target of $62.04.

Realty Income 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.