AdvisorNet Financial Inc Sells 339 Shares of Realty Income Co. (NYSE:O)

AdvisorNet Financial Inc decreased its stake in shares of Realty Income Co. (NYSE:O) by 3.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,509 shares of the real estate investment trust’s stock after selling 339 shares during the period. AdvisorNet Financial Inc’s holdings in Realty Income were worth $454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parnassus Investments LLC grew its position in Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after buying an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC lifted its stake in Realty Income by 1.1% in the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock worth $1,445,036,000 after purchasing an additional 242,786 shares during the last quarter. Legal & General Group Plc boosted its position in Realty Income by 4.5% during the second quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock valued at $647,492,000 after buying an additional 531,008 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after buying an additional 463,286 shares during the last quarter. Finally, APG Asset Management US Inc. increased its holdings in shares of Realty Income by 3.1% in the second quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust’s stock worth $454,502,000 after buying an additional 265,000 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Trading Down 0.2 %

O opened at $53.07 on Thursday. The stock has a market cap of $46.45 billion, a PE ratio of 50.54, a PEG ratio of 2.05 and a beta of 1.00. The business has a 50 day moving average of $55.09 and a 200-day moving average of $58.37. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. 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 earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 EPS. Equities research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is presently 300.95%.

Analyst Ratings Changes

Several brokerages recently weighed in on O. Barclays assumed coverage on Realty Income in a report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Mizuho lowered their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. UBS Group cut their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.50.

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.