LVM Capital Management Ltd. MI Decreases Position in Realty Income Co. (NYSE:O)

LVM Capital Management Ltd. MI lessened its holdings in shares of Realty Income Co. (NYSE:O) by 18.5% during the 4th quarter, HoldingsChannel reports. The firm owned 82,042 shares of the real estate investment trust’s stock after selling 18,563 shares during the period. LVM Capital Management Ltd. MI’s holdings in Realty Income were worth $4,382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of O. Parnassus Investments LLC increased its stake in shares of Realty Income by 7.4% in the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after acquiring an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC raised its stake in Realty Income by 1.1% during the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock worth $1,445,036,000 after purchasing an additional 242,786 shares during the period. Legal & General Group Plc boosted its holdings in Realty Income by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock valued at $647,492,000 after purchasing an additional 531,008 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Realty Income by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock valued at $617,043,000 after buying an additional 413,865 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Realty Income by 5.0% during 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 buying an additional 463,286 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Down 1.2 %

NYSE:O traded down $0.63 during mid-day trading on Friday, hitting $51.88. The stock had a trading volume of 3,282,894 shares, compared to its average volume of 4,781,942. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The stock has a 50-day simple moving average of $55.48 and a two-hundred day simple moving average of $58.30. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $45.41 billion, a PE ratio of 49.41, a PEG ratio of 2.05 and a beta of 1.00.

Realty Income (NYSE:O) last announced its quarterly earnings data 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). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 earnings per share. On average, equities research analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.264 dividend. The ex-dividend date is Thursday, January 2nd. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s dividend payout ratio is presently 300.95%.

Analysts Set New Price Targets

O has been the subject of several recent analyst reports. UBS Group cut their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Stifel Nicolaus lowered 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. Mizuho reduced their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Barclays initiated coverage on shares of Realty Income in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.50.

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.