Realty Income Co. (NYSE:O) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC lowered its stake in Realty Income Co. (NYSE:O) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,931 shares of the real estate investment trust’s stock after selling 541 shares during the period. Tyche Wealth Partners LLC’s holdings in Realty Income were worth $210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Tectonic Advisors LLC raised its holdings in shares of Realty Income by 17.6% in the fourth quarter. Tectonic Advisors LLC now owns 128,310 shares of the real estate investment trust’s stock worth $6,853,000 after buying an additional 19,219 shares during the last quarter. Money Concepts Capital Corp raised its holdings in shares of Realty Income by 6.0% in the fourth quarter. Money Concepts Capital Corp now owns 14,733 shares of the real estate investment trust’s stock worth $787,000 after buying an additional 840 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Realty Income by 11.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,664 shares of the real estate investment trust’s stock worth $6,777,000 after buying an additional 13,278 shares during the last quarter. Virginia Wealth Management Group Inc. raised its holdings in shares of Realty Income by 2.1% in the fourth quarter. Virginia Wealth Management Group Inc. now owns 50,690 shares of the real estate investment trust’s stock worth $2,707,000 after buying an additional 1,055 shares during the last quarter. Finally, Groesbeck Investment Management Corp NJ purchased a new position in shares of Realty Income in the fourth quarter worth $524,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the subject of several recent research reports. Barclays reduced their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Scotiabank reduced their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $61.81.

Realty Income Stock Down 0.3 %

Shares of NYSE O opened at $54.27 on Friday. The company’s 50-day simple moving average is $54.24 and its 200-day simple moving average is $58.34. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The firm has a market cap of $47.49 billion, a price-to-earnings ratio of 51.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. 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 announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $1.02 EPS. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. Equities analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.264 dividend. The ex-dividend date is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is 300.95%.

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.