Corient Private Wealth LLC Sells 14,802 Shares of Realty Income Co. (NYSE:O)

Corient Private Wealth LLC trimmed its position in shares of Realty Income Co. (NYSE:O) by 8.1% during the 4th quarter, Holdings Channel reports. The fund owned 168,616 shares of the real estate investment trust’s stock after selling 14,802 shares during the period. Corient Private Wealth LLC’s holdings in Realty Income were worth $8,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of O. Hopwood Financial Services Inc. purchased a new position in Realty Income in the fourth quarter worth about $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $32,000. BankPlus Trust Department purchased a new position in shares of Realty Income in the 4th quarter worth approximately $37,000. Luken Investment Analytics LLC bought a new position in shares of Realty Income during the 4th quarter valued at approximately $40,000. Finally, ST Germain D J Co. Inc. raised its holdings in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 567 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Up 0.0 %

NYSE O opened at $56.45 on Friday. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $50.33 billion, a price-to-earnings ratio of 53.76, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company’s 50-day simple moving average is $55.44 and its two-hundred day simple moving average is $57.58.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Equities analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio is 328.57%.

Analysts Set New Price Targets

Several research analysts have commented on O shares. Stifel Nicolaus dropped their price objective 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, January 8th. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Barclays raised their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Mizuho dropped their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average price target of $62.04.

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.