Realty Income Co. (NYSE:O) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its position in Realty Income Co. (NYSE:O) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,413 shares of the real estate investment trust’s stock after selling 325 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Realty Income were worth $485,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. American National Bank acquired a new stake in Realty Income during the fourth quarter worth approximately $25,000. Vima LLC purchased a new position in shares of Realty Income during the 4th quarter worth $25,000. Baystate Wealth Management LLC lifted its stake 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 during the period. CVA Family Office LLC acquired a new stake in shares of Realty Income during the fourth quarter worth $29,000. Finally, Operose Advisors LLC purchased a new stake in shares of Realty Income in the third quarter valued at $30,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on O. Mizuho raised their price target on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank boosted their target price 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. KeyCorp began coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, UBS Group lowered their price objective on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.35.

Realty Income Stock Up 0.3 %

NYSE O opened at $53.15 on Monday. 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 Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The business has a 50 day moving average price of $53.52 and a two-hundred day moving average price of $54.17. The stock has a market cap of $46.28 billion, a PE ratio of 49.21, a P/E/G ratio of 4.61 and a beta of 0.94.

Realty Income (NYSE:O) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company posted $0.98 earnings per share. Realty Income’s revenue for the quarter was up 33.5% compared to the same quarter last year. As a group, sell-side analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

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.