FourThought Financial Partners LLC Has $2.40 Million Holdings in Realty Income Co. (NYSE:O)

FourThought Financial Partners LLC decreased its holdings in shares of Realty Income Co. (NYSE:O) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,751 shares of the real estate investment trust’s stock after selling 1,236 shares during the quarter. FourThought Financial Partners LLC’s holdings in Realty Income were worth $2,397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in O. Manchester Capital Management LLC boosted its stake in shares of Realty Income by 423.0% in 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 during the last quarter. Baystate Wealth Management LLC increased its position in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 190 shares in the last quarter. FinTrust Capital Advisors LLC raised its stake in Realty Income by 302.1% during the 3rd 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 during the period. CVA Family Office LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $29,000. Finally, Operose Advisors LLC acquired a new position in shares of Realty Income during the third quarter worth approximately $30,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.6 %

Shares of O stock traded up $0.35 during mid-day trading on Friday, hitting $55.26. The company’s stock had a trading volume of 9,076,566 shares, compared to its average volume of 5,836,093. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The business has a 50-day moving average price of $52.78 and a 200 day moving average price of $53.58. The stock has a market cap of $47.59 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 5.70 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28.

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

Realty Income Dividend Announcement

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

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

O has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Mizuho lowered their target price 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. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BMO Capital Markets initiated coverage on Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price for the company. Finally, Royal Bank of Canada increased their target price on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.96.

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.