Realty Income Co. (NYSE:O) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC lowered its holdings in Realty Income Co. (NYSE:O) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,529 shares of the real estate investment trust’s stock after selling 621 shares during the period. CWA Asset Management Group LLC’s holdings in Realty Income were worth $402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in O. ZWJ Investment Counsel Inc. increased its stake in Realty Income by 0.6% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after purchasing an additional 164 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Realty Income by 4.5% in the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 166 shares during the period. Greenleaf Trust increased its position in shares of Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock worth $1,072,000 after acquiring an additional 170 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Realty Income by 14.3% during the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 176 shares during the period. Finally, Buckley Wealth Management LLC lifted its position in shares of Realty Income by 1.9% in the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock valued at $599,000 after acquiring an additional 176 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of O opened at $52.44 on Thursday. 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 12 month low of $50.65 and a 12 month high of $64.88. The company’s fifty day moving average is $55.62 and its 200-day moving average is $58.35. The firm has a market cap of $45.90 billion, a price-to-earnings ratio of 49.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. Equities analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.264 dividend. This represents a dividend yield of 5.7%. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. The ex-dividend date is Thursday, January 2nd. Realty Income’s payout ratio is presently 300.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on O shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Royal Bank of Canada reduced their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, Barclays started coverage on Realty Income in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.50.

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.