Investment Advisory Group LLC Trims Position in Realty Income Co. (NYSE:O)

Investment Advisory Group LLC cut its stake in shares of Realty Income Co. (NYSE:O) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,883 shares of the real estate investment trust’s stock after selling 842 shares during the quarter. Investment Advisory Group LLC’s holdings in Realty Income were worth $1,276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after purchasing an additional 6,673,617 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Realty Income by 92.4% in the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after buying an additional 3,112,560 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Realty Income by 3,150.5% in the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock worth $175,142,000 after buying an additional 2,675,266 shares during the last quarter. Parnassus Investments LLC raised its stake in shares of Realty Income by 7.4% during the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after acquiring an additional 1,676,293 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock valued at $137,502,000 after acquiring an additional 1,107,493 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $55.25 on Wednesday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The firm has a market capitalization of $48.35 billion, a P/E ratio of 52.62, a P/E/G ratio of 1.96 and a beta of 1.00. 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 $54.82 and its 200 day moving average price is $58.44.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The firm had revenue of $1.33 billion during 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 quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 EPS. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.264 per share. This represents a yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s dividend payout ratio is presently 301.91%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on O. Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Scotiabank decreased their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. 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 note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Finally, Royal Bank of Canada cut their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average target price of $62.12.

Realty Income 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.