Realty Income Co. (NYSE:O) Holdings Decreased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its stake in Realty Income Co. (NYSE:O) by 4.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,950 shares of the real estate investment trust’s stock after selling 503 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Realty Income were worth $638,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income in the 4th quarter worth $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income during the fourth quarter worth about $29,000. Sierra Ocean LLC bought a new stake in Realty Income in the fourth quarter worth about $32,000. Millstone Evans Group LLC acquired a new stake in Realty Income in the 4th quarter valued at about $34,000. Finally, BankPlus Trust Department bought a new position in shares of Realty Income during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on O. Mizuho cut their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Barclays boosted their target price on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Stock Performance

O stock opened at $56.61 on Friday. The stock has a market cap of $50.47 billion, a P/E ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a 50 day simple moving average of $55.79 and a 200 day simple moving average of $57.28. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared 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 of this dividend is Tuesday, April 1st. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 328.57%.

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.