Verus Capital Partners LLC Has $647,000 Position in Realty Income Co. (NYSE:O)

Verus Capital Partners LLC cut its position in shares of Realty Income Co. (NYSE:O) by 9.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,116 shares of the real estate investment trust’s stock after selling 1,312 shares during the quarter. Verus Capital Partners LLC’s holdings in Realty Income were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prosperitas Financial LLC bought a new stake in Realty Income in the 4th quarter valued at $211,000. QRG Capital Management Inc. increased its stake in Realty Income by 7.2% in the fourth quarter. QRG Capital Management Inc. now owns 48,220 shares of the real estate investment trust’s stock valued at $2,575,000 after acquiring an additional 3,249 shares during the period. Versor Investments LP raised its position in Realty Income by 159.6% in the fourth quarter. Versor Investments LP now owns 43,100 shares of the real estate investment trust’s stock worth $2,302,000 after purchasing an additional 26,500 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Realty Income during the fourth quarter worth about $5,442,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Realty Income by 5.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 96,301 shares of the real estate investment trust’s stock valued at $5,143,000 after purchasing an additional 4,891 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of Realty Income stock opened at $57.03 on Friday. 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 stock has a market capitalization of $49.91 billion, a price-to-earnings ratio of 54.31, a PEG ratio of 2.10 and a beta of 1.00. The firm has a fifty day moving average of $54.25 and a two-hundred day moving average of $57.95.

Realty Income (NYSE:O) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, equities research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.268 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s payout ratio is 327.55%.

Analysts Set New Price Targets

Several equities analysts recently commented on O shares. Scotiabank cut their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Barclays cut 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 report on Tuesday, February 4th. Finally, Mizuho reduced 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. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.81.

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.