CWA Asset Management Group LLC Sells 621 Shares of Realty Income Co. (NYSE:O)

CWA Asset Management Group LLC cut its holdings in shares of Realty Income Co. (NYSE:O) by 7.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,529 shares of the real estate investment trust’s stock after selling 621 shares during the quarter. CWA Asset Management Group LLC’s holdings in Realty Income were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Rosenberg Matthew Hamilton raised its stake in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. Creative Capital Management Investments LLC increased its holdings in shares of Realty Income by 133.3% during 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 during the period. Headlands Technologies LLC acquired a new position in shares of Realty Income during the second quarter valued at about $42,000. Pacifica Partners Inc. raised its position in shares of Realty Income by 89.2% during the third quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 437 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Realty Income by 313.5% in the third quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 718 shares during the period. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on O. UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Barclays started coverage on Realty Income in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price for the company. Royal Bank of Canada reduced their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Mizuho lowered their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.50.

Realty Income Price Performance

Shares of Realty Income stock opened at $52.44 on Thursday. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The firm’s 50-day moving average price is $55.62 and its two-hundred day moving average price is $58.35. 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 capitalization of $45.90 billion, a price-to-earnings ratio of 49.94, a P/E/G ratio of 2.05 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $1.02 earnings per share. The firm’s revenue was up 28.1% on a year-over-year basis. On average, equities analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.264 per share. The ex-dividend date is Thursday, January 2nd. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s dividend payout ratio is currently 300.95%.

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.