Investors Research Corp Reduces Holdings in Realty Income Co. (NYSE:O)

Investors Research Corp trimmed its holdings in shares of Realty Income Co. (NYSE:O) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,456 shares of the real estate investment trust’s stock after selling 250 shares during the quarter. Investors Research Corp’s holdings in Realty Income were worth $1,093,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new position in shares of Realty Income in the 4th quarter worth about $32,000. BankPlus Trust Department acquired a new stake in Realty Income during the fourth quarter worth about $37,000. Luken Investment Analytics LLC acquired a new stake in Realty Income during the fourth quarter worth about $40,000. ST Germain D J Co. Inc. lifted its holdings in Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 567 shares during the last quarter. Finally, United Community Bank bought a new position in shares of Realty Income during the fourth quarter valued at approximately $43,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Up 2.0 %

NYSE:O opened at $58.48 on Monday. The business’s fifty day moving average price is $54.73 and its 200 day moving average price is $57.83. The firm has a market capitalization of $52.14 billion, a price-to-earnings ratio of 55.70, a PEG ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 1-year low of $50.65 and a 1-year 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 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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share 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 represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. Realty Income’s dividend payout ratio (DPR) is currently 327.55%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Royal Bank of Canada cut their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Finally, Barclays raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.04.

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.