FourThought Financial Partners LLC Lowers Stock Position in Realty Income Co. (NYSE:O)

FourThought Financial Partners LLC reduced its holdings in Realty Income Co. (NYSE:O) by 2.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 41,751 shares of the real estate investment trust’s stock after selling 1,236 shares during the quarter. FourThought Financial Partners LLC’s holdings in Realty Income were worth $2,397,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. SVB Wealth LLC boosted its position in Realty Income by 53.8% in the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 2,677 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Realty Income by 82.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock valued at $670,000 after acquiring an additional 5,231 shares during the period. LexAurum Advisors LLC bought a new position in shares of Realty Income in the fourth quarter worth $203,000. Vest Financial LLC boosted its holdings in shares of Realty Income by 50.3% in the fourth quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock valued at $31,037,000 after acquiring an additional 180,974 shares in the last quarter. Finally, Sowell Financial Services LLC grew its stake in shares of 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 last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. BMO Capital Markets assumed coverage on shares of Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target on the stock. Mizuho lowered their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Stifel Nicolaus decreased their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada lifted their price objective on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.96.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction 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 sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.6 %

Shares of O stock traded up $0.35 during mid-day trading on Friday, reaching $55.26. 9,076,566 shares of the company’s stock traded hands, compared to its average volume of 5,836,093. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The company’s 50-day moving average price is $52.78 and its 200-day moving average price is $53.58. The company has a market cap of $47.59 billion, a P/E ratio of 43.86, a P/E/G ratio of 5.70 and a beta of 0.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (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 business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company posted $1.00 earnings per share. The business’s revenue was up 21.1% compared to the same quarter last year. On average, equities analysts expect that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

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.