Marcum Wealth LLC Sells 1,227 Shares of Realty Income Co. (NYSE:O)

Marcum Wealth LLC trimmed its holdings in shares of Realty Income Co. (NYSE:O) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,823 shares of the real estate investment trust’s stock after selling 1,227 shares during the quarter. Marcum Wealth LLC’s holdings in Realty Income were worth $258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlanta Consulting Group Advisors LLC purchased a new position in shares of Realty Income in the 3rd quarter worth approximately $896,000. Code Waechter LLC purchased a new position in Realty Income during the third quarter worth $1,308,000. Charles Schwab Investment Management Inc. increased its position in Realty Income by 5.0% during the third 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 acquiring an additional 463,286 shares during the last quarter. Swiss National Bank raised its position in Realty Income by 1.4% in the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after purchasing an additional 35,100 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Realty Income by 3.5% in the third 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. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on O shares. Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Barclays assumed coverage on shares of Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Finally, Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.50.

Realty Income Trading Up 1.4 %

NYSE O opened at $53.19 on Wednesday. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a fifty day simple moving average of $55.09 and a two-hundred day simple moving average of $58.37. 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 stock has a market cap of $46.55 billion, a P/E ratio of 50.66, a P/E/G ratio of 2.05 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the company earned $1.02 earnings per share. The firm’s revenue was up 28.1% on a year-over-year basis. On average, analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.264 dividend. Realty Income’s payout ratio is 300.95%.

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.