Global Wealth Management Investment Advisory Inc. Cuts Position in Realty Income Co. (NYSE:O)

Global Wealth Management Investment Advisory Inc. trimmed its position in Realty Income Co. (NYSE:O) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,610 shares of the real estate investment trust’s stock after selling 423 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Realty Income were worth $494,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of O. Manchester Capital Management LLC raised its holdings in shares of Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 423 shares during the period. Baystate Wealth Management LLC raised its holdings in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 190 shares during the period. FinTrust Capital Advisors LLC raised its holdings in shares of Realty Income by 302.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 429 shares during the period. CVA Family Office LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at about $29,000. Finally, Operose Advisors LLC purchased a new stake in shares of Realty Income during the 3rd quarter valued at about $30,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of O opened at $53.91 on Thursday. The firm has a market cap of $46.42 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 5.56 and a beta of 0.92. The stock has a 50 day moving average of $52.74 and a 200-day moving average of $53.57. 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 52 week low of $45.03 and a 52 week high of $64.18.

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

Realty Income Dividend Announcement

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

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s 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 completion of the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on O. Mizuho dropped their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Stifel Nicolaus dropped their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. BMO Capital Markets initiated coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective on the stock. Finally, Royal Bank of Canada lifted their price objective on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average target price of $60.96.

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.