Weaver C. Barksdale & Associates Inc. Sells 766 Shares of Realty Income Co. (NYSE:O)

Weaver C. Barksdale & Associates Inc. lowered its position in Realty Income Co. (NYSE:O) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,828 shares of the real estate investment trust’s stock after selling 766 shares during the quarter. Weaver C. Barksdale & Associates Inc.’s holdings in Realty Income were worth $1,647,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Realty Income by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after purchasing an additional 555,908 shares in the last quarter. Geode Capital Management LLC grew its stake in Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock worth $1,445,036,000 after buying an additional 242,786 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Realty Income during the 4th quarter valued at about $553,572,000. Charles Schwab Investment Management Inc. raised its stake in Realty Income by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust’s stock valued at $533,529,000 after buying an additional 260,071 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock worth $478,556,000 after acquiring an additional 6,673,617 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 1.1 %

Shares of NYSE:O opened at $55.64 on Wednesday. The firm has a market capitalization of $49.60 billion, a price-to-earnings ratio of 52.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The business’s 50 day moving average price is $55.65 and its 200-day moving average price is $57.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

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

Realty Income Increases Dividend

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s payout ratio is presently 328.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. 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 research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.04.

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.