Realty Income Co. (NYSE:O) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC lowered its stake in shares of Realty Income Co. (NYSE:O) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,324 shares of the real estate investment trust’s stock after selling 1,432 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Realty Income were worth $4,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Parnassus Investments LLC boosted its holdings in shares of Realty Income by 7.4% in the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after buying an additional 1,676,293 shares during the period. Geode Capital Management LLC boosted its position in Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after purchasing an additional 242,786 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after buying an additional 463,286 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after buying an additional 6,673,617 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Realty Income by 92.4% during the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after acquiring an additional 3,112,560 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on O. UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Mizuho reduced their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.04.

Realty Income Stock Up 0.6 %

O opened at $54.64 on Friday. The firm has a market cap of $47.82 billion, a price-to-earnings ratio of 52.04, a PEG ratio of 1.94 and a beta of 1.00. The firm’s 50-day simple moving average is $54.45 and its 200-day simple moving average is $58.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $1.02 EPS. Realty Income’s revenue for the quarter was up 28.1% compared to the same quarter last year. Equities research 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 feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio is currently 301.91%.

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.