TPG Advisors LLC Trims Stake in Realty Income Co. (NYSE:O)

TPG Advisors LLC decreased its position in Realty Income Co. (NYSE:O) by 5.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,331 shares of the real estate investment trust’s stock after selling 285 shares during the quarter. TPG Advisors LLC’s holdings in Realty Income were worth $285,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of O. Strategic Blueprint LLC bought a new stake in Realty Income during the third quarter worth about $204,000. Fidelis Capital Partners LLC bought a new position in Realty Income during the 3rd quarter valued at approximately $213,000. JFS Wealth Advisors LLC increased its position in Realty Income by 472.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,599 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 2,970 shares in the last quarter. Financial Advocates Investment Management boosted its holdings in Realty Income by 7.6% in the third quarter. Financial Advocates Investment Management now owns 8,349 shares of the real estate investment trust’s stock worth $529,000 after acquiring an additional 591 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Realty Income by 3.3% in the third quarter. US Bancorp DE now owns 141,506 shares of the real estate investment trust’s stock worth $8,974,000 after acquiring an additional 4,516 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.8 %

O stock opened at $57.03 on Friday. The business’s 50-day moving average price is $54.25 and its 200-day moving average price is $57.95. The stock has a market cap of $49.91 billion, a P/E ratio of 54.31, a PEG ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last posted its quarterly 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 firm 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%. On average, equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend 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 presently 327.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Mizuho dropped 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. UBS Group decreased their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday. Finally, Stifel Nicolaus reduced their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.81.

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.