Black Swift Group LLC Sells 5,840 Shares of Realty Income Co. (NYSE:O)

Black Swift Group LLC lessened its holdings in shares of Realty Income Co. (NYSE:O) by 44.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,400 shares of the real estate investment trust’s stock after selling 5,840 shares during the quarter. Black Swift Group LLC’s holdings in Realty Income were worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sierra Ocean LLC purchased a new stake in shares of Realty Income in the fourth quarter worth about $32,000. BankPlus Trust Department purchased a new stake in shares of Realty Income in the fourth quarter worth about $37,000. ST Germain D J Co. Inc. lifted its holdings in shares of Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares in the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of Realty Income in the fourth quarter worth about $40,000. Finally, Independence Bank of Kentucky lifted its holdings in shares of Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 300 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

O has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Stifel Nicolaus lowered their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Mizuho lowered their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.04.

Realty Income Stock Up 0.7 %

Shares of Realty Income stock opened at $58.16 on Thursday. 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 52-week low of $50.65 and a 52-week high of $64.88. The stock has a market capitalization of $51.85 billion, a price-to-earnings ratio of 55.39, a P/E/G ratio of 2.10 and a beta of 1.00. The company’s 50 day moving average price is $54.53 and its 200-day moving average price is $57.89.

Realty Income (NYSE:O) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (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 firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Equities research analysts forecast 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. Investors of record on Monday, March 3rd will be issued a $0.268 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a yield of 5.7%. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s payout ratio is 327.55%.

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.