Realty Income Co. (NYSE:O) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC trimmed its position in Realty Income Co. (NYSE:O) by 25.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,071 shares of the real estate investment trust’s stock after selling 36,165 shares during the period. New York Life Investment Management LLC’s holdings in Realty Income were worth $5,976,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its position in shares of Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 423 shares in the last quarter. Baystate Wealth Management LLC lifted its stake in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in Realty Income by 302.1% during the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 429 shares in the last quarter. CVA Family Office LLC bought a new stake in Realty Income during the fourth quarter worth approximately $29,000. Finally, Operose Advisors LLC acquired a new position in Realty Income in the third quarter worth approximately $30,000. 70.81% of the stock is owned by institutional investors.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Realty Income Trading Up 0.6 %

Shares of NYSE O opened at $55.26 on Friday. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The firm has a market capitalization of $47.59 billion, a PE ratio of 43.86, a PEG ratio of 5.70 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $52.78 and a two-hundred day moving average price of $53.58.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The company’s revenue was up 21.1% compared to the same quarter last year. As a group, analysts predict that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is 244.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on O shares. Stifel Nicolaus cut their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Royal Bank of Canada upped their target price on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Mizuho dropped their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. BMO Capital Markets started coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target on the stock. Finally, StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.96.

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.