Skba Capital Management LLC Cuts Stock Position in Realty Income Co. (NYSE:O)

Skba Capital Management LLC decreased its stake in shares of Realty Income Co. (NYSE:O) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,087 shares of the real estate investment trust’s stock after selling 6,235 shares during the quarter. Skba Capital Management LLC’s holdings in Realty Income were worth $8,230,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income in the 4th quarter worth about $28,000. Hopwood Financial Services Inc. bought a new stake in Realty Income during the 4th quarter valued at about $29,000. Sierra Ocean LLC bought a new stake in Realty Income during the 4th quarter valued at about $32,000. Millstone Evans Group LLC purchased a new position in Realty Income in the fourth quarter worth about $34,000. Finally, BankPlus Trust Department bought a new position in shares of Realty Income in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.8 %

Shares of Realty Income stock opened at $56.61 on Monday. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company’s fifty day simple moving average is $55.79 and its 200-day simple moving average is $57.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $50.47 billion, a PE ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released 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 for the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on O shares. 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 report on Wednesday, February 26th. Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Barclays upped their price target on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus dropped their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Eleven equities 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 company currently has a consensus rating of “Hold” and an average target price of $62.04.

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.