BlueChip Wealth Advisors LLC Decreases 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, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in O. Lee Danner & Bass Inc. purchased a new stake in Realty Income during the 4th quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new stake in Realty Income during the fourth quarter worth approximately $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $34,000. Finally, BankPlus Trust Department acquired a new position in Realty Income in the 4th quarter valued at $37,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Performance

NYSE:O opened at $56.61 on Friday. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The firm has a market capitalization of $50.47 billion, a price-to-earnings ratio of 53.91, a PEG ratio of 2.10 and a beta of 1.00. 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 firm’s fifty day simple moving average is $55.79 and its 200 day simple moving average is $57.32.

Realty Income (NYSE:O) last issued its earnings results 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 company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is currently 328.57%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target 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 price objective for the company. Barclays increased their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus lowered their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.04.

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.