Realty Income Co. (NYSE:O) Shares Sold by Ridgewood Investments LLC

Ridgewood Investments LLC reduced its position in Realty Income Co. (NYSE:O) by 6.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,963 shares of the real estate investment trust’s stock after selling 216 shares during the quarter. Ridgewood Investments LLC’s holdings in Realty Income were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Rosenberg Matthew Hamilton raised its stake in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 211 shares during the last quarter. Creative Capital Management Investments LLC raised its stake in shares of Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. ST Germain D J Co. Inc. raised its stake in shares of 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 last quarter. Headlands Technologies LLC purchased a new stake in shares of Realty Income during the second quarter worth approximately $42,000. Finally, Pacifica Partners Inc. raised its stake in shares of Realty Income by 89.2% during the third quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 437 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Down 1.5 %

Realty Income stock opened at $51.73 on Friday. 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 market capitalization of $45.27 billion, a price-to-earnings ratio of 49.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock’s fifty day moving average is $55.34 and its two-hundred day moving average is $58.29.

Realty Income (NYSE:O) last posted its quarterly earnings data 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). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 EPS. Analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on O shares. Barclays started coverage on Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target for the company. Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday. Scotiabank increased their price objective on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada cut their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.50.

Realty Income 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.