Bank Julius Baer & Co. Ltd Zurich Sells 2,446 Shares of Realty Income Co. (NYSE:O)

Bank Julius Baer & Co. Ltd Zurich cut its position in Realty Income Co. (NYSE:O) by 60.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,611 shares of the real estate investment trust’s stock after selling 2,446 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Realty Income were worth $95,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oak Hill Wealth Advisors LLC lifted its stake in shares of Realty Income by 178.8% in the fourth quarter. Oak Hill Wealth Advisors LLC now owns 10,630 shares of the real estate investment trust’s stock valued at $568,000 after buying an additional 24,113 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in shares of Realty Income during the fourth quarter worth about $233,000. Edgestream Partners L.P. acquired a new stake in shares of Realty Income in the 4th quarter worth about $593,000. Marco Investment Management LLC lifted its position in Realty Income by 5.0% in the 4th quarter. Marco Investment Management LLC now owns 65,223 shares of the real estate investment trust’s stock valued at $3,484,000 after acquiring an additional 3,102 shares in the last quarter. Finally, West Family Investments Inc. boosted its stake in Realty Income by 21.3% during the 4th quarter. West Family Investments Inc. now owns 5,801 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 1,018 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group dropped their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Barclays raised their price objective on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Mizuho cut their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Scotiabank lowered their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Finally, Royal Bank of Canada cut their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Stock Down 3.0 %

Realty Income stock opened at $56.73 on Wednesday. The firm has a 50 day moving average price of $54.91 and a 200-day moving average price of $57.78. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a market capitalization of $50.58 billion, a P/E ratio of 54.03, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, equities analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.268 dividend. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s payout ratio is currently 327.55%.

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.