NewEdge Wealth LLC Sells 3,370 Shares of Realty Income Co. (NYSE:O)

NewEdge Wealth LLC lessened its stake in Realty Income Co. (NYSE:O) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,314 shares of the real estate investment trust’s stock after selling 3,370 shares during the period. NewEdge Wealth LLC’s holdings in Realty Income were worth $1,619,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in O. Creative Capital Management Investments LLC increased its holdings in Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Realty Income during the 4th quarter valued at about $32,000. BankPlus Trust Department bought a new stake in Realty Income in the fourth quarter valued at about $37,000. Luken Investment Analytics LLC acquired a new position in Realty Income in the fourth quarter worth about $40,000. Finally, ST Germain D J Co. Inc. lifted its stake in Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of Realty Income stock opened at $57.03 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50 day simple moving average of $54.25 and a 200 day simple moving average of $57.93. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm has a market cap of $49.91 billion, a P/E ratio of 54.31, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Sell-side 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 announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.268 per share. The ex-dividend date is Monday, March 3rd. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is presently 327.55%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on O. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. Finally, Scotiabank cut their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.81.

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.