GSI Capital Advisors LLC Trims Stock Holdings in Realty Income Co. (NYSE:O)

GSI Capital Advisors LLC reduced its stake in shares of Realty Income Co. (NYSE:O) by 0.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 129,190 shares of the real estate investment trust’s stock after selling 264 shares during the quarter. Realty Income comprises about 3.6% of GSI Capital Advisors LLC’s investment portfolio, making the stock its 10th largest position. GSI Capital Advisors LLC’s holdings in Realty Income were worth $6,900,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lee Danner & Bass Inc. bought a new position in Realty Income during the fourth quarter worth about $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income during the 4th quarter valued at about $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income during the 4th quarter valued at about $32,000. Millstone Evans Group LLC acquired a new position in shares of Realty Income in the 4th quarter valued at approximately $34,000. Finally, BankPlus Trust Department bought a new stake in Realty Income during the 4th quarter worth approximately $37,000. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of O opened at $57.15 on Wednesday. The company has a market cap of $50.96 billion, a PE ratio of 54.43, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The firm has a 50-day moving average of $55.90 and a 200-day moving average of $57.17. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. 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 (NYSE:O) last posted its quarterly 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). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on O. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Royal Bank of Canada dropped their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Stifel Nicolaus decreased their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Finally, Scotiabank reduced 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. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.04.

Realty Income Company 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.