Bard Financial Services Inc. Sells 765 Shares of Realty Income Co. (NYSE:O)

Bard Financial Services Inc. reduced its stake in shares of Realty Income Co. (NYSE:O) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,805 shares of the real estate investment trust’s stock after selling 765 shares during the quarter. Bard Financial Services Inc.’s holdings in Realty Income were worth $3,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pensionfund Sabic grew its holdings in shares of Realty Income by 8.3% in the fourth quarter. Pensionfund Sabic now owns 104,738 shares of the real estate investment trust’s stock valued at $5,594,000 after purchasing an additional 8,000 shares in the last quarter. Nordea Investment Management AB lifted its position in Realty Income by 15.7% during the fourth quarter. Nordea Investment Management AB now owns 73,627 shares of the real estate investment trust’s stock valued at $3,919,000 after purchasing an additional 9,998 shares during the last quarter. Everence Capital Management Inc. bought a new position in Realty Income during the fourth quarter valued at $374,000. First Financial Bank Trust Division grew its stake in shares of Realty Income by 4.5% in the 4th quarter. First Financial Bank Trust Division now owns 39,452 shares of the real estate investment trust’s stock worth $2,107,000 after buying an additional 1,706 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after buying an additional 74,185 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the subject of several recent research reports. Barclays began coverage on Realty Income in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price target for the company. Stifel Nicolaus cut their target price on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. 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. Scotiabank lifted their price objective on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Finally, UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.23.

Realty Income Trading Down 0.3 %

NYSE:O traded down $0.18 during midday trading on Monday, hitting $53.10. The stock had a trading volume of 3,145,880 shares, compared to its average volume of 4,017,808. The stock has a 50-day moving average of $56.11 and a 200 day moving average of $58.39. The company has a market capitalization of $46.47 billion, a price-to-earnings ratio of 50.57, a PEG ratio of 2.05 and a beta of 1.00. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business posted $1.02 EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, sell-side analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.264 per share. This represents a yield of 5.7%. The ex-dividend date is Thursday, January 2nd. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 300.95%.

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.