Samalin Investment Counsel LLC Has $735,000 Position in Realty Income Co. (NYSE:O)

Samalin Investment Counsel LLC lowered its position in Realty Income Co. (NYSE:O) by 12.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,755 shares of the real estate investment trust’s stock after selling 1,976 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Realty Income were worth $735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after purchasing an additional 242,786 shares during the period. Raymond James Financial Inc. acquired a new stake in Realty Income during the 4th quarter valued at approximately $553,572,000. Charles Schwab Investment Management Inc. increased its position in Realty Income by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust’s stock valued at $533,529,000 after purchasing an additional 260,071 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Realty Income by 765.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after purchasing an additional 6,673,617 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Realty Income by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 5,847,484 shares of the real estate investment trust’s stock valued at $312,314,000 after purchasing an additional 50,670 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O opened at $55.79 on Friday. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The business’s fifty day moving average is $55.52 and its 200 day moving average is $57.50. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $49.73 billion, a P/E ratio of 53.13, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share 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. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. The ex-dividend date is Tuesday, April 1st. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank reduced their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Stifel Nicolaus reduced 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 report on Wednesday, January 8th. 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 report on Tuesday, March 4th. Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Mizuho reduced their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.