Weaver C. Barksdale & Associates Inc. Lowers Stock Position in Realty Income Co. (NYSE:O)

Weaver C. Barksdale & Associates Inc. reduced its stake in Realty Income Co. (NYSE:O) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 30,828 shares of the real estate investment trust’s stock after selling 766 shares during the quarter. Weaver C. Barksdale & Associates Inc.’s holdings in Realty Income were worth $1,647,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Core Wealth Partners LLC boosted its stake in shares of Realty Income by 15.8% in the fourth quarter. Core Wealth Partners LLC now owns 7,614 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 1,038 shares during the period. Ausdal Financial Partners Inc. boosted its position in Realty Income by 2.5% in the 4th quarter. Ausdal Financial Partners Inc. now owns 14,045 shares of the real estate investment trust’s stock valued at $750,000 after buying an additional 338 shares during the period. Financial Counselors Inc. grew its stake in shares of Realty Income by 41.3% in the fourth quarter. Financial Counselors Inc. now owns 5,672 shares of the real estate investment trust’s stock worth $303,000 after acquiring an additional 1,659 shares in the last quarter. Trust Investment Advisors increased its position in shares of Realty Income by 10.4% during the fourth quarter. Trust Investment Advisors now owns 21,925 shares of the real estate investment trust’s stock worth $1,171,000 after acquiring an additional 2,071 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Realty Income by 5.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 438,387 shares of the real estate investment trust’s stock valued at $23,414,000 after acquiring an additional 23,795 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

O stock opened at $55.64 on Wednesday. The business has a 50 day simple moving average of $55.65 and a 200-day simple moving average of $57.38. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a market capitalization of $49.60 billion, a P/E ratio of 52.99, a PEG ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last issued its quarterly 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%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a yield of 5.7%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is presently 328.57%.

Wall Street Analyst Weigh In

Several research analysts recently commented on O shares. Barclays boosted their target price on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. 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 report on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.04.

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.