IFG Advisory LLC Sells 3,385 Shares of Realty Income Co. (NYSE:O)

IFG Advisory LLC cut its stake in shares of Realty Income Co. (NYSE:O) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,037 shares of the real estate investment trust’s stock after selling 3,385 shares during the quarter. IFG Advisory LLC’s holdings in Realty Income were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CGC Financial Services LLC bought a new stake in Realty Income during the 2nd quarter worth approximately $25,000. Compass Wealth Management LLC bought a new stake in shares of Realty Income in the 4th quarter valued at $25,000. Manchester Capital Management LLC boosted its stake in shares of Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 423 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its stake in shares of Realty Income by 96.7% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 478 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 235 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its stake in shares of Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 429 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

O has been the topic of a number of analyst reports. Mizuho reduced their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. BNP Paribas upgraded shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a report on Wednesday, December 13th. Royal Bank of Canada upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. BMO Capital Markets started coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price for the company. Finally, Stifel Nicolaus reduced their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.96.

Realty Income Trading Up 2.2 %

Shares of Realty Income stock opened at $53.77 on Thursday. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The company has a market cap of $46.30 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 5.46 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $53.22 and its 200-day moving average price is $53.32.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company posted $1.00 earnings per share. The company’s quarterly 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 Increases Dividend

The business also recently announced a mar 24 dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be paid a $0.257 dividend. This is an increase from Realty Income’s previous mar 24 dividend of $0.26. This represents a yield of 6%. The ex-dividend date is Friday, March 29th. Realty Income’s dividend payout ratio (DPR) 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.