Bahl & Gaynor Inc. Sells 145,146 Shares of Realty Income Co. (NYSE:O)

Bahl & Gaynor Inc. lowered its stake in shares of Realty Income Co. (NYSE:O) by 4.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,267,883 shares of the real estate investment trust’s stock after selling 145,146 shares during the period. Bahl & Gaynor Inc. owned approximately 0.45% of Realty Income worth $187,642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Manchester Capital Management LLC lifted its stake in 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 acquiring an additional 423 shares during the period. Baystate Wealth Management LLC increased its position 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 valued at $28,000 after purchasing an additional 190 shares during the last quarter. FinTrust Capital Advisors LLC increased 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 purchasing an additional 429 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at about $29,000. Finally, Operose Advisors LLC purchased a new stake in shares of Realty Income during the 3rd quarter valued at about $30,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.2 %

NYSE O opened at $53.71 on Friday. The stock has a 50 day moving average price of $52.65 and a 200-day moving average price of $53.48. The company has a market capitalization of $46.25 billion, a P/E ratio of 42.64, a P/E/G ratio of 5.58 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18.

Realty Income (NYSE:O) last announced 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). 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 analyst estimates of $1.02 billion. During the same period last year, the company earned $1.00 EPS. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. As a group, equities analysts predict that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors 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 is Tuesday, April 30th. Realty Income’s payout ratio is 244.45%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.