Cape Investment Advisory Inc. Lowers Holdings in Realty Income Co. (NYSE:O)

Cape Investment Advisory Inc. decreased its stake in shares of Realty Income Co. (NYSE:O) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,281 shares of the real estate investment trust’s stock after selling 417 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Realty Income were worth $335,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Realty Income in the 4th quarter worth approximately $32,000. Creative Capital Management Investments LLC raised its stake in shares of 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 worth $33,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department purchased a new position in shares of Realty Income in the fourth quarter worth $37,000. ST Germain D J Co. Inc. raised its stake in shares of Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares during the last quarter. Finally, Luken Investment Analytics LLC purchased a new position in shares of Realty Income in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on O shares. Royal Bank of Canada decreased their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday. Barclays decreased their price objective 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, February 4th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Stifel Nicolaus decreased their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank reduced their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.81.

Realty Income Trading Up 0.8 %

Shares of O stock opened at $57.03 on Friday. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $49.91 billion, a PE ratio of 54.31, a PEG ratio of 2.10 and a beta of 1.00. The stock has a fifty day simple moving average of $54.25 and a two-hundred day simple moving average of $57.93.

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

Realty Income Increases Dividend

The business also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.268 per share. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio (DPR) is 327.55%.

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.