Stratos Wealth Partners LTD. Cuts Stock Holdings in Realty Income Co. (NYSE:O)

Stratos Wealth Partners LTD. reduced its stake in Realty Income Co. (NYSE:O) by 4.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 95,505 shares of the real estate investment trust’s stock after selling 4,785 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Realty Income were worth $5,101,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Trust Co. of Vermont increased its position in shares of Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after acquiring an additional 28,480 shares during the last quarter. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Realty Income during the 3rd quarter valued at $896,000. Code Waechter LLC bought a new stake in shares of Realty Income during the 3rd quarter worth $1,308,000. Charles Schwab Investment Management Inc. boosted 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 worth $617,028,000 after buying an additional 463,286 shares during the last quarter. Finally, Swiss National Bank grew its position in Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after buying an additional 35,100 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on O shares. UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Barclays cut their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Scotiabank decreased their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.81.

Realty Income Stock Down 0.3 %

Shares of NYSE:O opened at $54.27 on Friday. The firm has a fifty day moving average of $54.24 and a 200 day moving average of $58.34. Realty Income Co. has a 52-week low of $50.65 and a 52-week 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 firm has a market capitalization of $47.49 billion, a PE ratio of 51.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

Realty Income (NYSE:O) last issued its earnings results 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 analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business earned $1.02 EPS. Realty Income’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders 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 of this dividend is Monday, February 3rd. Realty Income’s dividend payout ratio is 300.95%.

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.