Court Place Advisors LLC Lowers Holdings in Realty Income Co. (NYSE:O)

Court Place Advisors LLC decreased its stake in Realty Income Co. (NYSE:O) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,121 shares of the real estate investment trust’s stock after selling 485 shares during the quarter. Court Place Advisors LLC’s holdings in Realty Income were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Dynamic Advisor Solutions LLC raised its holdings in Realty Income by 6.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 6,339 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 403 shares during the period. LexAurum Advisors LLC acquired a new position in Realty Income in the 4th quarter worth about $203,000. Vest Financial LLC raised its holdings in Realty Income by 50.3% in the 4th quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock worth $31,037,000 after purchasing an additional 180,974 shares during the period. Sowell Financial Services LLC raised its holdings in Realty Income by 21.0% in the 4th quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust’s stock worth $1,224,000 after purchasing an additional 3,681 shares during the period. Finally, Cohen Investment Advisors LLC raised its holdings in Realty Income by 449.1% in the 4th quarter. Cohen Investment Advisors LLC now owns 35,391 shares of the real estate investment trust’s stock worth $2,032,000 after purchasing an additional 28,946 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Stifel Nicolaus reduced their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. BMO Capital Markets initiated coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Royal Bank of Canada increased their target price on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Finally, Mizuho reduced their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.96.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Realty Income Price Performance

Shares of NYSE:O traded up $0.47 during midday trading on Wednesday, hitting $51.27. The company had a trading volume of 5,119,461 shares, compared to its average volume of 6,936,256. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $44.15 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 5.36 and a beta of 0.92. The business’s 50-day simple moving average is $52.55 and its 200-day simple moving average is $53.34.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business posted $1.00 EPS. Realty Income’s revenue for the quarter was up 21.1% compared to the same quarter last year. On average, research analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s payout ratio is 244.45%.

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.