AdvisorNet Financial Inc Reduces Stock Position in Realty Income Co. (NYSE:O)

AdvisorNet Financial Inc cut its stake in Realty Income Co. (NYSE:O) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,509 shares of the real estate investment trust’s stock after selling 339 shares during the quarter. AdvisorNet Financial Inc’s holdings in Realty Income were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 purchasing an additional 6,673,617 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Realty Income by 92.4% in the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after purchasing an additional 3,112,560 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Realty Income by 3,150.5% in the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock worth $175,142,000 after buying an additional 2,675,266 shares during the last quarter. Parnassus Investments LLC grew its position in Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after buying an additional 1,676,293 shares during the period. Finally, Bank of Montreal Can increased its holdings in Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock valued at $137,502,000 after buying an additional 1,107,493 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on O. Mizuho dropped their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. UBS Group reduced their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Barclays initiated coverage on Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price objective on the stock. Finally, Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.50.

Realty Income Price Performance

O stock opened at $53.07 on Thursday. The company has a market capitalization of $46.45 billion, a PE ratio of 50.54, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. The company’s fifty day moving average price is $55.09 and its 200-day moving average price is $58.37. 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 quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $1.02 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, equities analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s payout ratio is 300.95%.

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.