BlueChip Wealth Advisors LLC Reduces Stock Position in Realty Income Co. (NYSE:O)

BlueChip Wealth Advisors LLC trimmed its holdings in Realty Income Co. (NYSE:O) by 6.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,758 shares of the real estate investment trust’s stock after selling 350 shares during the period. BlueChip Wealth Advisors LLC’s holdings in Realty Income were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in O. Allianz SE bought a new stake in Realty Income in the fourth quarter valued at about $269,000. Allstate Corp grew its position in shares of Realty Income by 38.4% in the 4th quarter. Allstate Corp now owns 56,807 shares of the real estate investment trust’s stock worth $3,034,000 after acquiring an additional 15,763 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Realty Income by 9.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 24,511 shares of the real estate investment trust’s stock valued at $1,309,000 after acquiring an additional 2,091 shares during the last quarter. DnB Asset Management AS raised its position in shares of Realty Income by 89.9% during the 4th quarter. DnB Asset Management AS now owns 289,861 shares of the real estate investment trust’s stock valued at $15,481,000 after acquiring an additional 137,219 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its stake in Realty Income by 0.7% during the fourth quarter. Level Four Advisory Services LLC now owns 75,623 shares of the real estate investment trust’s stock worth $4,039,000 after purchasing an additional 502 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

O has been the subject of several recent research reports. Scotiabank lowered their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. BNP Paribas cut 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, February 25th. Deutsche Bank Aktiengesellschaft started 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 for the company. Barclays raised their price target 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. Finally, Royal Bank of Canada reduced their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.04.

Realty Income Stock Up 0.8 %

Shares of O stock opened at $56.61 on Friday. Realty Income Co. has a 1 year low of $50.65 and a 1 year 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. The business’s fifty day moving average is $55.79 and its 200-day moving average is $57.32. The stock has a market cap of $50.47 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.2685 dividend. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a yield of 5.7%. Realty Income’s payout ratio is 328.57%.

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.