Highland Capital Management LLC Has $3 Million Holdings in Realty Income Co. (NYSE:O)

Highland Capital Management LLC decreased its position in Realty Income Co. (NYSE:O) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 56,107 shares of the real estate investment trust’s stock after selling 1,268 shares during the period. Highland Capital Management LLC’s holdings in Realty Income were worth $2,997,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont boosted its position in shares of Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after buying an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC acquired a new stake in Realty Income during the 3rd quarter worth about $896,000. Code Waechter LLC purchased a new position in Realty Income during the 3rd quarter valued at about $1,308,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after purchasing an additional 463,286 shares during the period. Finally, Swiss National Bank lifted its position in shares of Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after purchasing an additional 35,100 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Scotiabank dropped their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Barclays assumed coverage on Realty Income in a report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price objective for the company. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Finally, Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.04.

Realty Income Stock Up 0.5 %

O stock opened at $54.31 on Friday. The business’s 50-day simple moving average is $54.57 and its 200 day simple moving average is $58.43. 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 company has a market cap of $47.53 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $1.02 earnings per share. Realty Income’s revenue was up 28.1% on a year-over-year basis. On average, research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio is 301.91%.

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.