Symphony Financial Ltd. Co. Has $2.18 Million Stock Position in Realty Income Co. (NYSE:O)

Symphony Financial Ltd. Co. lowered its stake in Realty Income Co. (NYSE:O) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,367 shares of the real estate investment trust’s stock after selling 2,828 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Realty Income were worth $2,175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. increased its holdings in Realty Income by 51.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 13,262 shares of the real estate investment trust’s stock worth $701,000 after purchasing an additional 4,524 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Realty Income in the 2nd quarter valued at approximately $8,200,000. Massmutual Trust Co. FSB ADV lifted its stake in Realty Income by 3.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 16,858 shares of the real estate investment trust’s stock valued at $1,069,000 after acquiring an additional 524 shares in the last quarter. Czech National Bank boosted its position in Realty Income by 6.9% during the 3rd quarter. Czech National Bank now owns 177,405 shares of the real estate investment trust’s stock worth $11,251,000 after acquiring an additional 11,471 shares during the last quarter. Finally, Silvia Mccoll Wealth Management LLC bought a new position in shares of Realty Income during the 3rd quarter worth approximately $219,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $54.64 on Friday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a market capitalization of $47.82 billion, a price-to-earnings ratio of 52.04, a PEG ratio of 1.94 and a beta of 1.00. The company has a 50-day simple moving average of $54.45 and a 200 day simple moving average of $58.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS. On average, sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders 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 payout ratio is 301.91%.

Analyst Ratings Changes

O has been the topic of several analyst reports. Scotiabank cut their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Mizuho dropped their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Barclays initiated coverage on Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price objective on the stock. Finally, UBS Group decreased their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.04.

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.