Bard Financial Services Inc. Sells 765 Shares of Realty Income Co. (NYSE:O)

Bard Financial Services Inc. trimmed its position in shares of Realty Income Co. (NYSE:O) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,805 shares of the real estate investment trust’s stock after selling 765 shares during the quarter. Bard Financial Services Inc.’s holdings in Realty Income were worth $3,568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in O. Rosenberg Matthew Hamilton lifted its position in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares during the period. Creative Capital Management Investments LLC boosted its position in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Realty Income in the 2nd quarter worth approximately $42,000. Pacifica Partners Inc. increased its position in Realty Income by 89.2% during the 3rd quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 437 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Realty Income by 313.5% during the third quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 718 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

O stock traded down $0.18 during midday trading on Monday, reaching $53.10. 3,145,880 shares of the company’s stock traded hands, compared to its average volume of 4,017,808. The stock’s 50-day moving average is $56.11 and its 200 day moving average is $58.39. The stock has a market cap of $46.47 billion, a P/E ratio of 50.57, a PEG ratio of 2.05 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. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 earnings per share. As a group, analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.264 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a yield of 5.7%. This is an increase from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s payout ratio is currently 300.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus cut their target price on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. UBS Group cut 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 decreased their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average price target of $63.23.

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.