Silver Lake Advisory LLC Sells 1,152 Shares of Realty Income Co. (NYSE:O)

Silver Lake Advisory LLC reduced its stake in shares of Realty Income Co. (NYSE:O) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 46,554 shares of the real estate investment trust’s stock after selling 1,152 shares during the period. Silver Lake Advisory LLC’s holdings in Realty Income were worth $2,486,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. AE Wealth Management LLC grew its stake in Realty Income by 29.9% in the second quarter. AE Wealth Management LLC now owns 11,277 shares of the real estate investment trust’s stock valued at $596,000 after purchasing an additional 2,599 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Realty Income by 0.8% during the second quarter. Thrivent Financial for Lutherans now owns 176,074 shares of the real estate investment trust’s stock worth $9,300,000 after acquiring an additional 1,359 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in Realty Income by 11.6% in the second quarter. Ensign Peak Advisors Inc now owns 44,128 shares of the real estate investment trust’s stock valued at $2,331,000 after acquiring an additional 4,570 shares during the last quarter. Bank of Montreal Can grew its position in shares of Realty Income by 18.6% in the 2nd quarter. Bank of Montreal Can now owns 1,084,469 shares of the real estate investment trust’s stock valued at $57,455,000 after acquiring an additional 169,985 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Realty Income by 66.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 164,940 shares of the real estate investment trust’s stock worth $8,712,000 after purchasing an additional 65,628 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on O. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays began coverage on shares of Realty Income in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price objective on the stock. Finally, Scotiabank reduced their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.12.

Realty Income Stock Performance

NYSE:O opened at $54.17 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a market cap of $47.41 billion, a price-to-earnings ratio of 51.59, a PEG ratio of 1.93 and a beta of 1.00. The stock has a fifty day moving average price of $54.76 and a 200-day moving average price of $58.41.

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

Realty Income Announces Dividend

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