Atria Investments Inc Lowers Stake in Realty Income Co. (NYSE:O)

Atria Investments Inc reduced its holdings in shares of Realty Income Co. (NYSE:O) by 9.2% during the 4th quarter, HoldingsChannel reports. The firm owned 67,025 shares of the real estate investment trust’s stock after selling 6,809 shares during the period. Atria Investments Inc’s holdings in Realty Income were worth $3,580,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of O. Tcfg Wealth Management LLC boosted its holdings in shares of Realty Income by 2.9% in the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 186 shares in the last quarter. Romano Brothers AND Company boosted its holdings in shares of Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 200 shares in the last quarter. Bay Rivers Group boosted its holdings in shares of Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock valued at $1,103,000 after acquiring an additional 200 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 218 shares in the last quarter. Finally, Howard Capital Management Inc. boosted its holdings in shares of Realty Income by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 229 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Shares of O opened at $58.48 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $52.14 billion, a P/E ratio of 55.70, a PEG ratio of 2.10 and a beta of 1.00. The company has a 50-day moving average of $54.73 and a two-hundred day moving average of $57.85. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

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

Realty Income Increases Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.268 per share. The ex-dividend date is Monday, March 3rd. This represents a yield of 5.7%. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s payout ratio is presently 327.55%.

Analyst Ratings Changes

Several brokerages have recently weighed in on O. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Barclays lifted their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. 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 note on Wednesday, January 8th. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Finally, UBS Group reduced their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $62.04.

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.