IFG Advisory LLC Reduces Stock Holdings in Realty Income Co. (NYSE:O)

IFG Advisory LLC decreased its stake in Realty Income Co. (NYSE:O) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,037 shares of the real estate investment trust’s stock after selling 3,385 shares during the quarter. IFG Advisory LLC’s holdings in Realty Income were worth $921,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. grew its stake in Realty Income by 2.8% during the 4th quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 160 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Realty Income by 1.4% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 13,182 shares of the real estate investment trust’s stock valued at $788,000 after buying an additional 183 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Realty Income by 13.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,522 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 185 shares during the period. Vestcor Inc lifted its holdings in shares of Realty Income by 0.4% in the 2nd quarter. Vestcor Inc now owns 48,121 shares of the real estate investment trust’s stock valued at $2,877,000 after buying an additional 191 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Realty Income by 5.2% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 202 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on O. Royal Bank of Canada upped their price target on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. BMO Capital Markets assumed coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Stifel Nicolaus reduced their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Mizuho reduced their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.96.

Realty Income Stock Performance

Shares of O stock opened at $53.77 on Thursday. The stock has a market capitalization of $46.30 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 5.46 and a beta of 0.92. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The stock’s 50-day moving average price is $53.22 and its 200 day moving average price is $53.32. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business’s revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. As a group, equities research analysts forecast that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a mar 24 dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a dividend of $0.257 per share. This is a positive change from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date of this dividend is Friday, March 29th. This represents a dividend yield of 6%. Realty Income’s payout ratio is 244.45%.

Realty Income Company 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.