Stockman Wealth Management Inc. Has $246,000 Stock Position in Realty Income Co. (NYSE:O)

Stockman Wealth Management Inc. reduced its holdings in Realty Income Co. (NYSE:O) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,288 shares of the real estate investment trust’s stock after selling 775 shares during the period. Stockman Wealth Management Inc.’s holdings in Realty Income were worth $246,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Baystate Wealth Management LLC lifted its stake in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Realty Income by 5.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 202 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Realty Income by 24.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 208 shares in the last quarter. Caprock Group LLC raised its stake in shares of Realty Income by 3.4% during the 4th quarter. Caprock Group LLC now owns 6,964 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 231 shares in the last quarter. Finally, Jeppson Wealth Management LLC raised its stake in shares of Realty Income by 1.6% during the 3rd quarter. Jeppson Wealth Management LLC now owns 15,094 shares of the real estate investment trust’s stock worth $754,000 after purchasing an additional 243 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

O traded up $0.05 during midday trading on Tuesday, reaching $53.38. The company’s stock had a trading volume of 3,251,306 shares, compared to its average volume of 6,821,995. The stock has a market cap of $45.97 billion, a P/E ratio of 42.37, a PEG ratio of 5.50 and a beta of 0.92. The company has a fifty day simple moving average of $52.51 and a 200 day simple moving average of $53.43. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18.

Realty Income (NYSE:O) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the business earned $1.00 EPS. Research analysts expect that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s payout ratio is presently 244.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets assumed coverage on Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target for the company. Mizuho cut their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Royal Bank of Canada raised their price target on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Stifel Nicolaus cut their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.96.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

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.