Sabal Trust CO Decreases Stock Holdings in Realty Income Co. (NYSE:O)

Sabal Trust CO trimmed its position in shares of Realty Income Co. (NYSE:O) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 380,072 shares of the real estate investment trust’s stock after selling 2,662 shares during the quarter. Sabal Trust CO’s holdings in Realty Income were worth $20,300,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Rosenberg Matthew Hamilton increased its holdings in shares of Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Realty Income in the 4th quarter valued at about $32,000. Creative Capital Management Investments LLC lifted its position in Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares during the last quarter. BankPlus Trust Department purchased a new position in Realty Income during the fourth quarter worth about $37,000. Finally, ST Germain D J Co. Inc. increased its position in shares of Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 567 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $56.21 on Wednesday. The stock has a market capitalization of $49.20 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 2.10 and a beta of 1.00. The company’s 50-day simple moving average is $54.00 and its 200-day simple moving average is $58.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. This represents a yield of 5.7%. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. Realty Income’s dividend payout ratio (DPR) is presently 305.71%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Stifel Nicolaus cut 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Mizuho lowered their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays decreased their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.12.

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.