Brown Lisle Cummings Inc. Lowers Stake in Realty Income Co. (NYSE:O)

Brown Lisle Cummings Inc. cut its stake in Realty Income Co. (NYSE:O) by 10.2% during the fourth quarter, HoldingsChannel reports. The fund owned 4,425 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Realty Income were worth $236,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in O. Rosenberg Matthew Hamilton increased its position in shares of Realty Income by 75.4% during 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 boosted its position in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in Realty Income during the 4th quarter worth $40,000. ST Germain D J Co. Inc. increased 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 valued at $40,000 after buying an additional 567 shares in the last quarter. Finally, Independence Bank of Kentucky raised its stake in Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 300 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on O. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. UBS Group cut their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Barclays lowered their price objective on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday. Scotiabank cut their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Realty Income in a research note on Monday, January 27th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $61.81.

Realty Income Stock Performance

Shares of NYSE O opened at $54.08 on Wednesday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. 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’s fifty day moving average price is $54.39 and its 200 day moving average price is $58.39. The company has a market capitalization of $47.33 billion, a PE ratio of 51.50, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

Realty Income (NYSE:O) last posted its earnings results 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). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income’s revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the business earned $1.02 earnings per share. On average, research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid 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 payout ratio is 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.