William Allan Corp Has $670,000 Stock Holdings in Realty Income Co. (NYSE:O)

William Allan Corp reduced its position in Realty Income Co. (NYSE:O) by 3.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,540 shares of the real estate investment trust’s stock after selling 400 shares during the period. William Allan Corp’s holdings in Realty Income were worth $670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in O. 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 valued at $31,000 after acquiring an additional 211 shares during the last quarter. Creative Capital Management Investments LLC increased its holdings in 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 purchasing an additional 300 shares during the last quarter. ST Germain D J Co. Inc. boosted its holdings in Realty Income by 306.5% during the fourth 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 during the last quarter. Luken Investment Analytics LLC acquired a new position in shares of Realty Income during the 4th quarter worth about $40,000. Finally, Independence Bank of Kentucky increased its stake in shares of Realty Income by 54.5% in the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on O shares. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Scotiabank lowered their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus reduced their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a report on Monday, January 27th. Finally, Barclays cut 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. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $61.81.

Realty Income Price Performance

NYSE O opened at $54.27 on Friday. The firm’s 50 day moving average is $54.24 and its 200-day moving average is $58.34. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $47.49 billion, a PE ratio of 51.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

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

Realty Income Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.264 dividend. 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%.

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.