Realty Income Co. (NYSE:O) Shares Sold by Colonial River Investments LLC

Colonial River Investments LLC cut its holdings in shares of Realty Income Co. (NYSE:O) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,034 shares of the real estate investment trust’s stock after selling 291 shares during the period. Colonial River Investments LLC’s holdings in Realty Income were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of O. Y Intercept Hong Kong Ltd raised its stake in Realty Income by 1,934.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 74,648 shares of the real estate investment trust’s stock worth $3,987,000 after purchasing an additional 70,978 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Realty Income by 45.2% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 193,153 shares of the real estate investment trust’s stock worth $10,316,000 after purchasing an additional 60,100 shares during the period. Howard Capital Management Inc. raised its stake in Realty Income by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 229 shares during the period. Wealthspire Advisors LLC raised its stake in Realty Income by 7.9% during the fourth quarter. Wealthspire Advisors LLC now owns 17,647 shares of the real estate investment trust’s stock worth $943,000 after purchasing an additional 1,292 shares during the period. Finally, TCW Group Inc. raised its stake in Realty Income by 2.6% during the fourth quarter. TCW Group Inc. now owns 12,226 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 310 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

O has been the topic of a number of analyst reports. Barclays reduced their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a research note on Monday, January 27th. Finally, 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, January 8th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $62.21.

Realty Income Price Performance

Realty Income stock opened at $57.28 on Tuesday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50 day simple moving average of $53.97 and a 200-day simple moving average of $58.03. The stock has a market capitalization of $50.13 billion, a PE ratio of 54.55, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 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%. Equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.268 per share. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio is currently 305.71%.

About Realty Income

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.