Realty Income Co. (NYSE:O) Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its holdings in Realty Income Co. (NYSE:O) by 67.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,300 shares of the real estate investment trust’s stock after selling 34,182 shares during the quarter. Sigma Planning Corp’s holdings in Realty Income were worth $936,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Baystate Wealth Management LLC lifted its stake in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. CVA Family Office LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at approximately $29,000. Manchester Capital Management LLC raised its position in shares of Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 423 shares during the period. FinTrust Capital Advisors LLC raised its position 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 valued at $29,000 after buying an additional 429 shares during the period. Finally, Operose Advisors LLC purchased a new stake in shares of Realty Income during the 3rd quarter valued at approximately $30,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

NYSE:O opened at $53.41 on Wednesday. The company has a fifty day simple moving average of $52.54 and a two-hundred day simple moving average of $53.45. The company has a market cap of $45.99 billion, a price-to-earnings ratio of 42.39, a price-to-earnings-growth ratio of 5.53 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 Co. has a 52 week low of $45.03 and a 52 week high of $64.18.

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

Realty Income Announces Dividend

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

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.