Signature Wealth Management Group Reduces Holdings in Realty Income Co. (NYSE:O)

Signature Wealth Management Group decreased its position in Realty Income Co. (NYSE:O) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,967 shares of the real estate investment trust’s stock after selling 871 shares during the period. Realty Income accounts for approximately 1.6% of Signature Wealth Management Group’s investment portfolio, making the stock its 23rd largest position. Signature Wealth Management Group’s holdings in Realty Income were worth $3,951,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Tcfg Wealth Management LLC grew its stake in shares of Realty Income by 2.9% in the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 186 shares during the period. Romano Brothers AND Company lifted its holdings in shares of Realty Income by 2.0% in the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 200 shares during the last quarter. Bay Rivers Group lifted its holdings in shares of Realty Income by 1.0% in the 4th 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 last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Realty Income by 11.3% in the 4th 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 last quarter. Finally, Howard Capital Management Inc. lifted its holdings in shares of Realty Income by 5.4% in the 4th 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 last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on O shares. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Scotiabank decreased their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. 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 report on Wednesday, February 26th. Barclays increased their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Finally, BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Trading Up 1.7 %

Shares of Realty Income stock opened at $56.79 on Friday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. 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 capitalization of $50.63 billion, a P/E ratio of 54.09, a PEG ratio of 2.10 and a beta of 1.00. The company’s fifty day moving average is $55.11 and its two-hundred day moving average is $57.69.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.28 billion. Analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is presently 327.55%.

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.