Realty Income Co. (NYSE:O) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC lowered its stake in Realty Income Co. (NYSE:O) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,107 shares of the real estate investment trust’s stock after selling 1,268 shares during the quarter. Highland Capital Management LLC’s holdings in Realty Income were worth $2,997,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Trust Co. of Vermont increased its position in shares of Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after acquiring an additional 28,480 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in Realty Income during the 3rd quarter valued at approximately $896,000. Code Waechter LLC purchased a new stake in Realty Income during the 3rd quarter worth approximately $1,308,000. Charles Schwab Investment Management Inc. raised its position in shares of Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after purchasing an additional 463,286 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Realty Income by 1.4% during the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after buying an additional 35,100 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a report on Monday. Scotiabank reduced their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Finally, Mizuho lowered 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. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Price Performance

Shares of NYSE O opened at $54.31 on Friday. The stock has a market cap of $47.53 billion, a P/E ratio of 51.73, a P/E/G ratio of 1.93 and a beta of 1.00. The firm’s 50-day simple moving average is $54.57 and its 200 day simple moving average is $58.43. 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 quarterly 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted $1.02 earnings per share. The company’s revenue was up 28.1% on a year-over-year basis. Equities analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

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

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.