SMART Wealth LLC Sells 4,979 Shares of Realty Income Co. (NYSE:O)

SMART Wealth LLC decreased its position in Realty Income Co. (NYSE:O) by 26.6% during the 4th quarter, Holdings Channel reports. The firm owned 13,774 shares of the real estate investment trust’s stock after selling 4,979 shares during the quarter. SMART Wealth LLC’s holdings in Realty Income were worth $736,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its stake in Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 211 shares in the last quarter. Creative Capital Management Investments LLC raised its holdings in shares of Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in Realty Income during the 4th quarter worth about $40,000. Finally, Independence Bank of Kentucky grew its holdings in Realty Income by 54.5% during the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Barclays reduced their price objective on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Scotiabank cut their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Finally, Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus price target of $61.81.

Realty Income Stock Down 0.3 %

Shares of NYSE:O opened at $54.27 on Friday. The company has a 50 day moving average price of $54.24 and a two-hundred day moving average price of $58.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $47.49 billion, a PE ratio of 51.68, a PEG ratio of 1.96 and a beta of 1.00. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company earned $1.02 EPS. Realty Income’s quarterly revenue was up 28.1% on a year-over-year basis. Analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s dividend payout ratio is currently 301.91%.

About Realty Income

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.