Panoramic Investment Advisors LLC Sells 612 Shares of Realty Income Co. (NYSE:O)

Panoramic Investment Advisors LLC reduced its position in Realty Income Co. (NYSE:O) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,080 shares of the real estate investment trust’s stock after selling 612 shares during the quarter. Panoramic Investment Advisors LLC’s holdings in Realty Income were worth $325,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Magnolia Capital Advisors LLC acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $1,022,000. U.S. Capital Wealth Advisors LLC grew its stake in shares of Realty Income by 907.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 41,998 shares of the real estate investment trust’s stock valued at $2,243,000 after buying an additional 37,831 shares during the period. Golden State Equity Partners raised its stake in Realty Income by 9,069.2% during the 4th quarter. Golden State Equity Partners now owns 22,923 shares of the real estate investment trust’s stock worth $1,224,000 after buying an additional 22,673 shares during the period. Berry Wealth Group LP boosted its holdings in Realty Income by 11.7% in the fourth quarter. Berry Wealth Group LP now owns 45,405 shares of the real estate investment trust’s stock worth $2,425,000 after acquiring an additional 4,745 shares in the last quarter. Finally, Yoder Wealth Management Inc. grew its stake in Realty Income by 5.5% in the fourth quarter. Yoder Wealth Management Inc. now owns 4,529 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 236 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on O shares. Mizuho cut their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Barclays began coverage on Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target for the company. Finally, Scotiabank lowered their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Twelve investment 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 presently has an average rating of “Hold” and an average price target of $62.04.

Realty Income Trading Up 0.6 %

NYSE O opened at $54.64 on Monday. The stock has a market capitalization of $47.82 billion, a price-to-earnings ratio of 52.04, a PEG ratio of 1.96 and a beta of 1.00. The business’s fifty day moving average is $54.45 and its 200-day moving average is $58.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The firm’s revenue was up 28.1% compared to the same quarter last year. Equities research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s payout ratio is 301.91%.

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.