Investment Advisory Group LLC Lowers Stock Position in Realty Income Co. (NYSE:O)

Investment Advisory Group LLC trimmed its holdings in shares of Realty Income Co. (NYSE:O) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,883 shares of the real estate investment trust’s stock after selling 842 shares during the period. Investment Advisory Group LLC’s holdings in Realty Income were worth $1,276,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of O. Advisory Alpha LLC lifted its stake in shares of Realty Income by 9.4% in the fourth quarter. Advisory Alpha LLC now owns 4,232 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 364 shares during the period. Simon Quick Advisors LLC lifted its position in shares of Realty Income by 18.2% during the 4th quarter. Simon Quick Advisors LLC now owns 3,972 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 613 shares during the period. Alpha Cubed Investments LLC boosted its stake in shares of Realty Income by 4.9% during the 4th quarter. Alpha Cubed Investments LLC now owns 15,947 shares of the real estate investment trust’s stock worth $852,000 after acquiring an additional 749 shares in the last quarter. Pure Financial Advisors LLC acquired a new stake in shares of Realty Income in the 4th quarter worth approximately $268,000. Finally, Prairiewood Capital LLC increased its stake in Realty Income by 5.2% in the 4th quarter. Prairiewood Capital LLC now owns 70,885 shares of the real estate investment trust’s stock valued at $3,786,000 after purchasing an additional 3,499 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada decreased their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. UBS Group reduced their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Mizuho dropped their price objective 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. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.12.

Realty Income Price Performance

O opened at $55.25 on Wednesday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. 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 company’s 50 day simple moving average is $54.82 and its 200 day simple moving average is $58.44. The stock has a market capitalization of $48.35 billion, a PE ratio of 52.62, a P/E/G ratio of 1.96 and a beta of 1.00.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion during 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 for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.02 EPS. As a group, sell-side analysts expect that Realty Income Co. will post 4.19 EPS 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. Stockholders of record on Monday, February 3rd will be issued a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is 301.91%.

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.