Cornercap Investment Counsel Inc. Has $638,000 Holdings in Realty Income Co. (NYSE:O)

Cornercap Investment Counsel Inc. decreased its stake in shares of Realty Income Co. (NYSE:O) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,950 shares of the real estate investment trust’s stock after selling 503 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Realty Income were worth $638,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in O. Glenmede Trust Co. NA raised its holdings in Realty Income by 4.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 20,391 shares of the real estate investment trust’s stock worth $1,293,000 after acquiring an additional 837 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Realty Income by 25.3% in the third quarter. Public Sector Pension Investment Board now owns 151,959 shares of the real estate investment trust’s stock worth $9,637,000 after purchasing an additional 30,678 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Realty Income by 3.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 590,235 shares of the real estate investment trust’s stock worth $37,431,000 after purchasing an additional 20,981 shares during the last quarter. Captrust Financial Advisors boosted its stake in Realty Income by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 96,169 shares of the real estate investment trust’s stock valued at $6,099,000 after purchasing an additional 2,609 shares during the period. Finally, Adelante Capital Management LLC increased its position in Realty Income by 327.4% in the 3rd quarter. Adelante Capital Management LLC now owns 286,615 shares of the real estate investment trust’s stock worth $18,177,000 after buying an additional 219,554 shares during the period. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on O. Barclays raised their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Scotiabank lowered their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.04.

Realty Income Stock Up 0.8 %

Shares of NYSE:O opened at $56.61 on Friday. The company has a market capitalization of $50.47 billion, a PE ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 1.00. 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 company’s fifty day moving average is $55.79 and its 200-day moving average is $57.28. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share 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 firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Equities research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed 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 an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. Realty Income’s payout ratio is presently 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.