Elo Mutual Pension Insurance Co Sells 4,651 Shares of Realty Income Co. (NYSE:O)

Elo Mutual Pension Insurance Co cut its position in shares of Realty Income Co. (NYSE:O) by 5.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 87,037 shares of the real estate investment trust’s stock after selling 4,651 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Realty Income were worth $4,649,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in O. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income during the fourth quarter worth $28,000. Hopwood Financial Services Inc. bought a new stake in Realty Income during the 4th quarter valued at about $29,000. Sierra Ocean LLC bought a new stake in Realty Income during the 4th quarter valued at about $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income in the 4th quarter valued at about $34,000. Finally, BankPlus Trust Department bought a new position in Realty Income in the 4th quarter worth about $37,000. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.04.

Realty Income Stock Down 0.7 %

Shares of Realty Income stock opened at $56.18 on Friday. 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 company has a market cap of $50.08 billion, a P/E ratio of 53.50, a PEG ratio of 2.10 and a beta of 1.00. The firm’s 50 day moving average price is $55.75 and its 200-day moving average price is $57.36. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. On average, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. 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%.

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.