Colonial River Investments LLC Sells 291 Shares of Realty Income Co. (NYSE:O)

Colonial River Investments LLC reduced its stake in Realty Income Co. (NYSE:O) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,034 shares of the real estate investment trust’s stock after selling 291 shares during the period. Colonial River Investments LLC’s holdings in Realty Income were worth $215,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd boosted its stake in shares of Realty Income by 1,934.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 74,648 shares of the real estate investment trust’s stock valued at $3,987,000 after purchasing an additional 70,978 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Realty Income by 45.2% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 193,153 shares of the real estate investment trust’s stock valued at $10,316,000 after purchasing an additional 60,100 shares in the last quarter. Howard Capital Management Inc. boosted its stake in shares of Realty Income by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 229 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Realty Income by 7.9% during the fourth quarter. Wealthspire Advisors LLC now owns 17,647 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 1,292 shares in the last quarter. Finally, TCW Group Inc. boosted its stake in shares of Realty Income by 2.6% during the fourth quarter. TCW Group Inc. now owns 12,226 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 310 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

O has been the topic of a number of recent research reports. Mizuho dropped their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Scotiabank lowered their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.21.

Realty Income Stock Up 0.3 %

O stock opened at $57.28 on Tuesday. The firm’s fifty day moving average is $53.97 and its 200 day moving average is $58.03. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The firm has a market cap of $50.13 billion, a PE ratio of 54.55, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.268 per share. The ex-dividend date is Monday, March 3rd. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income’s payout ratio is presently 305.71%.

Realty Income Company 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.