Stockman Wealth Management Inc. Decreases Stake in Realty Income Co. (NYSE:O)

Stockman Wealth Management Inc. lowered its position in Realty Income Co. (NYSE:O) by 15.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,288 shares of the real estate investment trust’s stock after selling 775 shares during the period. Stockman Wealth Management Inc.’s holdings in Realty Income were worth $246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its holdings in 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 in the last quarter. Baystate Wealth Management LLC raised its holdings in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the period. FinTrust Capital Advisors LLC raised its holdings in shares of Realty Income by 302.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 429 shares during the period. CVA Family Office LLC purchased a new position in shares of Realty Income during the 4th quarter worth $29,000. Finally, Operose Advisors LLC purchased a new position in shares of Realty Income during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

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

Realty Income Stock Up 0.1 %

O stock traded up $0.05 during trading on Tuesday, hitting $53.38. 3,251,306 shares of the company’s stock were exchanged, compared to its average volume of 6,821,995. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The business has a 50-day moving average price of $52.51 and a two-hundred day moving average price of $53.43. The stock has a market capitalization of $45.97 billion, a price-to-earnings ratio of 42.37, a PEG ratio of 5.50 and a beta of 0.92.

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

Realty Income Announces Dividend

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

Realty Income Company 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.