Realty Income Co. (NYSE:O) Shares Sold by PFG Investments LLC

PFG Investments LLC lowered its holdings in shares of Realty Income Co. (NYSE:O) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,366 shares of the real estate investment trust’s stock after selling 297 shares during the period. PFG Investments LLC’s holdings in Realty Income were worth $653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC increased its position in Realty Income by 100,285.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock worth $547,028,000 after buying an additional 8,615,530 shares during the last quarter. Norges Bank bought a new position in Realty Income during the 4th quarter worth about $316,245,000. Vanguard Group Inc. boosted its position in Realty Income by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after acquiring an additional 4,172,231 shares during the last quarter. BlackRock Inc. lifted its position in Realty Income by 4.3% during the 2nd quarter. BlackRock Inc. now owns 61,840,542 shares of the real estate investment trust’s stock worth $3,697,446,000 after buying an additional 2,523,432 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Realty Income by 5.0% in the second quarter. State Street Corp now owns 51,642,575 shares of the real estate investment trust’s stock valued at $3,100,637,000 after buying an additional 2,460,053 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on O. Stifel Nicolaus lowered their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. BNP Paribas upgraded Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 target price for the company in a research note on Wednesday, December 13th. Wolfe Research upgraded Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price target on the stock in a research note on Wednesday, December 6th. BMO Capital Markets started coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. Finally, StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.96.

Realty Income Price Performance

O stock opened at $53.77 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The stock has a market cap of $46.30 billion, a price-to-earnings ratio of 42.67, a P/E/G ratio of 5.46 and a beta of 0.92. The company has a 50 day simple moving average of $53.22 and a 200 day simple moving average of $53.32.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. Research analysts anticipate that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a mar 24 dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a dividend of $0.257 per share. The ex-dividend date is Friday, March 29th. This represents a dividend yield of 6%. This is an increase from Realty Income’s previous mar 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

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.