Realty Income Co. (NYSE:O) Shares Sold by First Affirmative Financial Network

First Affirmative Financial Network lessened its holdings in shares of Realty Income Co. (NYSE:O) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,142 shares of the real estate investment trust’s stock after selling 343 shares during the period. First Affirmative Financial Network’s holdings in Realty Income were worth $488,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of O. AQR Capital Management LLC grew its holdings in Realty Income by 23.1% in the second quarter. AQR Capital Management LLC now owns 264,829 shares of the real estate investment trust’s stock valued at $13,835,000 after purchasing an additional 49,629 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Realty Income by 5.5% during the 2nd quarter. Mackenzie Financial Corp now owns 97,156 shares of the real estate investment trust’s stock valued at $5,132,000 after acquiring an additional 5,090 shares in the last quarter. Regal Investment Advisors LLC raised its position in Realty Income by 53.0% during the second quarter. Regal Investment Advisors LLC now owns 6,413 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 2,221 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Realty Income by 51.8% in the second quarter. B. Riley Wealth Advisors Inc. now owns 13,262 shares of the real estate investment trust’s stock valued at $701,000 after purchasing an additional 4,524 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its position in shares of Realty Income by 110.0% in the second quarter. EP Wealth Advisors LLC now owns 39,001 shares of the real estate investment trust’s stock valued at $2,060,000 after purchasing an additional 20,427 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $54.13 on Thursday. The company has a market cap of $47.38 billion, a P/E ratio of 51.55, a P/E/G ratio of 1.93 and a beta of 1.00. The firm’s 50 day moving average is $54.62 and its two-hundred day moving average is $58.46. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 EPS. Analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

Wall Street Analyst Weigh In

O has been the subject of several research reports. Scotiabank cut their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Barclays initiated coverage on Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday. Finally, Stifel Nicolaus decreased their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.04.

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.