Realty Income Co. (NYSE:O) Position Reduced by Sabal Trust CO

Sabal Trust CO cut its position in shares of Realty Income Co. (NYSE:O) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 380,072 shares of the real estate investment trust’s stock after selling 2,662 shares during the period. Sabal Trust CO’s holdings in Realty Income were worth $20,300,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of O. Rosenberg Matthew Hamilton grew its holdings in shares of Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 211 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Realty Income during the fourth quarter valued at about $32,000. Creative Capital Management Investments LLC raised its holdings in shares of Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department acquired a new position in Realty Income in the 4th quarter worth approximately $37,000. Finally, ST Germain D J Co. Inc. raised its stake in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 567 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Down 1.9 %

Shares of Realty Income stock opened at $56.21 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company’s fifty day moving average price is $54.00 and its two-hundred day moving average price is $58.00. The firm has a market capitalization of $49.20 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income (NYSE:O) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 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 the consensus estimate of $1.28 billion. On average, analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, March 3rd. Realty Income’s dividend payout ratio is 305.71%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on O shares. 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. Barclays reduced their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. UBS Group lowered their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.12.

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.