Stifel Financial Corp Reduces Holdings in Realty Income Co. (NYSE:O)

Stifel Financial Corp lowered its position in Realty Income Co. (NYSE:O) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,139,510 shares of the real estate investment trust’s stock after selling 43,671 shares during the quarter. Stifel Financial Corp owned about 0.13% of Realty Income worth $60,862,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in O. Raymond James Financial Inc. purchased a new position in shares of Realty Income during the fourth quarter worth approximately $553,572,000. Trust Co. of Vermont increased its holdings in Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 28,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock worth $40,656,000 after purchasing an additional 166,178 shares during the period. Asset Management One Co. Ltd. raised its position in Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after purchasing an additional 101,184 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after buying an additional 74,185 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE O opened at $58.50 on Wednesday. The firm has a market capitalization of $52.17 billion, a P/E ratio of 55.71, a PEG ratio of 2.10 and a beta of 0.79. The stock has a 50-day simple moving average of $56.34 and a two-hundred day simple moving average of $56.46. 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 fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.2685 dividend. The ex-dividend date is Thursday, May 1st. This represents a yield of 6%. Realty Income’s payout ratio is 328.57%.

Wall Street Analysts Forecast Growth

O has been the subject of several recent research reports. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays reiterated an “overweight” rating on shares of Realty Income in a report on Tuesday. Scotiabank cut their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Finally, Mizuho raised their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.35.

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.