Newbridge Financial Services Group Inc. Trims Stock Position in Realty Income Co. (NYSE:O)

Newbridge Financial Services Group Inc. decreased its holdings in Realty Income Co. (NYSE:O) by 28.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,192 shares of the real estate investment trust’s stock after selling 2,067 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Realty Income were worth $298,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. American National Bank bought a new position in shares of Realty Income in the fourth quarter worth about $25,000. Vima LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $25,000. Baystate Wealth Management LLC lifted its holdings in 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 valued at $28,000 after purchasing an additional 190 shares in the last quarter. CVA Family Office LLC purchased a new stake in shares of Realty Income in the fourth quarter worth $29,000. Finally, Operose Advisors LLC purchased a new position in shares of Realty Income during the 3rd quarter valued at $30,000. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

O has been the topic of several recent analyst reports. UBS Group decreased their target price on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Scotiabank increased their price objective on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Stifel Nicolaus reduced their price target 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. KeyCorp began coverage on shares of Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Mizuho boosted their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $61.35.

Realty Income Trading Up 0.1 %

Shares of NYSE O opened at $53.10 on Wednesday. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The firm has a market cap of $46.24 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 4.62 and a beta of 0.94. The business has a fifty day simple moving average of $53.46 and a two-hundred day simple moving average of $54.21. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS 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 business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business posted $0.98 EPS. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. Analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a $0.263 dividend. The ex-dividend date is Monday, July 1st. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. This represents a yield of 6%. Realty Income’s payout ratio is currently 291.67%.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

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.