Atlanta Consulting Group Advisors LLC Cuts Holdings in Realty Income Co. (NYSE:O)

Atlanta Consulting Group Advisors LLC trimmed its holdings in shares of Realty Income Co. (NYSE:O) by 66.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,784 shares of the real estate investment trust’s stock after selling 9,338 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in Realty Income were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of O. Tcfg Wealth Management LLC boosted its holdings in Realty Income by 2.9% in the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 186 shares during the last quarter. Romano Brothers AND Company boosted its holdings in Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 200 shares during the last quarter. Bay Rivers Group boosted its holdings in Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock valued at $1,103,000 after acquiring an additional 200 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 218 shares during the last quarter. Finally, Howard Capital Management Inc. raised its position in Realty Income by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 229 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank of Canada cut their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus cut their price objective 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 cut their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Barclays raised their price objective on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Scotiabank cut their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.04.

Realty Income Trading Up 1.7 %

Shares of NYSE O opened at $56.79 on Monday. The stock’s 50 day moving average price is $55.11 and its two-hundred day moving average price is $57.66. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The stock has a market capitalization of $50.63 billion, a P/E ratio of 54.09, 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 (NYSE:O) last announced its quarterly earnings data 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 net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, analysts anticipate 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 apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a yield of 5.7%. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is presently 327.55%.

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.