Atlanta Consulting Group Advisors LLC Trims Stake in Realty Income Co. (NYSE:O)

Atlanta Consulting Group Advisors LLC lowered its holdings in Realty Income Co. (NYSE:O) by 66.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,784 shares of the real estate investment trust’s stock after selling 9,338 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Realty Income were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in O. OneDigital Investment Advisors LLC raised its holdings in shares of Realty Income by 36.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 14,064 shares of the real estate investment trust’s stock valued at $892,000 after buying an additional 3,720 shares during the period. Empowered Funds LLC raised its holdings in shares of Realty Income by 2.9% in the 3rd quarter. Empowered Funds LLC now owns 15,101 shares of the real estate investment trust’s stock valued at $954,000 after buying an additional 428 shares during the period. Coastline Trust Co purchased a new stake in shares of Realty Income in the 3rd quarter valued at $175,000. Natixis Advisors LLC raised its holdings in shares of Realty Income by 6.5% in the 3rd quarter. Natixis Advisors LLC now owns 302,343 shares of the real estate investment trust’s stock valued at $19,175,000 after buying an additional 18,409 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Realty Income by 1.4% in the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after buying an additional 35,100 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on O. Royal Bank of Canada cut their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays upped their price target on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Stock Up 1.7 %

Realty Income stock opened at $56.79 on Monday. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The stock has a 50 day moving average of $55.11 and a two-hundred day moving average of $57.66. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $50.63 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share 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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business 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 dividend of $0.2685 per share. This represents a yield of 5.7%. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio (DPR) is presently 327.55%.

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.