Schnieders Capital Management LLC Has $1.26 Million Position in Realty Income Co. (NYSE:O)

Schnieders Capital Management LLC reduced its position in shares of Realty Income Co. (NYSE:O) by 22.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 23,557 shares of the real estate investment trust’s stock after selling 6,716 shares during the quarter. Schnieders Capital Management LLC’s holdings in Realty Income were worth $1,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Parnassus Investments LLC boosted its position in Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after purchasing an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC raised its stake in Realty Income by 1.1% in the third 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 buying an additional 242,786 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Realty Income by 5.0% in 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 buying an additional 463,286 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Realty Income by 765.1% in the third 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 buying an additional 6,673,617 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Realty Income by 0.9% in the fourth 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 buying an additional 50,670 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Down 0.3 %

Shares of O stock opened at $56.07 on Thursday. The stock’s fifty day moving average price is $54.07 and its two-hundred day moving average price is $57.98. The company has a market cap of $49.07 billion, a PE ratio of 53.40, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week 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.

Realty Income (NYSE:O) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share 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 analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Equities analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company 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 is an increase from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 305.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday. Barclays lowered their target price on 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. Royal Bank of Canada lowered their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.96.

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.