Independent Advisor Alliance Has $1.17 Million Holdings in Realty Income Co. (NYSE:O)

Independent Advisor Alliance lowered its holdings in shares of Realty Income Co. (NYSE:OFree Report) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,379 shares of the real estate investment trust’s stock after selling 3,593 shares during the period. Independent Advisor Alliance’s holdings in Realty Income were worth $1,170,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Baystate Wealth Management LLC increased its position in shares of 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 worth $28,000 after purchasing an additional 190 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings 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 buying an additional 208 shares in the last quarter. Bank of New Hampshire raised its stake in shares of Realty Income by 23.3% in the fourth quarter. Bank of New Hampshire now owns 1,100 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 208 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in shares of Realty Income by 1.4% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 16,670 shares of the real estate investment trust’s stock worth $957,000 after acquiring an additional 225 shares in the last quarter. Finally, Caprock Group LLC grew its position in Realty Income by 3.4% during the 4th quarter. Caprock Group LLC now owns 6,964 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 231 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on O shares. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. BMO Capital Markets assumed coverage on Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Stifel Nicolaus dropped their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Mizuho raised their price target on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Scotiabank boosted their price objective on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $61.38.

Get Our Latest Research Report on Realty Income

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Realty Income Stock Performance

Realty Income stock opened at $55.13 on Monday. The stock has a market cap of $48.01 billion, a PE ratio of 51.05, a P/E/G ratio of 5.69 and a beta of 0.92. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average price is $53.36 and its two-hundred day moving average price is $54.10. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18.

Realty Income (NYSE:OGet Free Report) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company posted $0.98 EPS. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. As a group, analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a jun 24 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be given a dividend of $0.2625 per share. Realty Income’s payout ratio is 285.19%.

Realty Income Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Co. (NYSE:OFree Report).

Institutional Ownership by Quarter for Realty Income (NYSE:O)

Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.