Realty Income Co. (NYSE:O) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. cut its holdings in Realty Income Co. (NYSE:O) by 47.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,018 shares of the real estate investment trust’s stock after selling 9,054 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Realty Income were worth $575,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Baystate Wealth Management LLC increased its stake in shares of Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the period. Pinnacle Bancorp Inc. increased its stake in shares of Realty Income by 5.2% during the third quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust’s stock worth $206,000 after acquiring an additional 202 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Realty Income by 24.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 208 shares during the period. Caprock Group LLC grew its position in Realty Income by 3.4% during the fourth quarter. Caprock Group LLC now owns 6,964 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 231 shares during the period. Finally, Jeppson Wealth Management LLC grew its position in Realty Income by 1.6% during the third quarter. Jeppson Wealth Management LLC now owns 15,094 shares of the real estate investment trust’s stock worth $754,000 after buying an additional 243 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Mizuho lowered their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Stifel Nicolaus lowered their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. BMO Capital Markets assumed coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price on the stock. Royal Bank of Canada upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Finally, StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Realty Income 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 stock in a transaction on Tuesday, April 9th. The shares were 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 owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $53.34 on Tuesday. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The company has a 50 day moving average price of $52.51 and a 200 day moving average price of $53.43. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 42.33, a price-to-earnings-growth ratio of 5.50 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $1.00 EPS. Realty Income’s revenue was up 21.1% on a year-over-year basis. Sell-side analysts anticipate that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Announces Dividend

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

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.