Bahl & Gaynor Inc. Sells 145,146 Shares of Realty Income Co. (NYSE:O)

Bahl & Gaynor Inc. decreased its holdings in shares of Realty Income Co. (NYSE:O) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,267,883 shares of the real estate investment trust’s stock after selling 145,146 shares during the period. Bahl & Gaynor Inc.’s holdings in Realty Income were worth $187,642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its stake in Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares during the period. Baystate Wealth Management LLC raised its stake in shares of Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares during the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of Realty Income by 302.1% in the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 429 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Realty Income in the fourth quarter valued at approximately $29,000. Finally, Operose Advisors LLC bought a new position in shares of Realty Income in the third quarter valued at approximately $30,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price for the company. Mizuho cut their target price on shares of 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 lifted their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Stifel Nicolaus dropped their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus price target of $60.96.

Realty Income Price Performance

O opened at $53.71 on Friday. The company has a fifty day moving average price of $52.65 and a two-hundred day moving average price of $53.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The firm has a market capitalization of $46.25 billion, a PE ratio of 42.64, a P/E/G ratio of 5.58 and a beta of 0.92.

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

Realty Income Dividend Announcement

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

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company 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.