Hexagon Capital Partners LLC Decreases Stock Holdings in Realty Income Co. (NYSE:O)

Hexagon Capital Partners LLC reduced its position in shares of Realty Income Co. (NYSE:O) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,526 shares of the real estate investment trust’s stock after selling 374 shares during the period. Hexagon Capital Partners LLC’s holdings in Realty Income were worth $88,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of O. Manchester Capital Management LLC boosted its stake 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 purchasing an additional 423 shares in the last quarter. Baystate Wealth Management LLC boosted its position in 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 acquiring an additional 190 shares in the last quarter. FinTrust Capital Advisors LLC grew 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 worth $29,000 after acquiring an additional 429 shares during the period. CVA Family Office LLC bought a new position in shares of Realty Income in the 4th quarter worth approximately $29,000. Finally, Operose Advisors LLC purchased a new position in shares of Realty Income in the 3rd quarter valued at approximately $30,000. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

NYSE O opened at $53.91 on Thursday. The company has a fifty day moving average of $52.74 and a two-hundred day moving average of $53.57. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The company has a market capitalization of $46.42 billion, a PE ratio of 42.79, a P/E/G ratio of 5.56 and a beta of 0.92.

Realty Income (NYSE:O) last announced 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). 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 revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 earnings per share. As a group, analysts expect that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.257 dividend. 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%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on O shares. Royal Bank of Canada lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets started coverage on Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Mizuho reduced their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Stifel Nicolaus decreased 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. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.96.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’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 value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

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.