Realty Income Co. (NYSE:O) Shares Sold by Silver Lake Advisory LLC

Silver Lake Advisory LLC cut its position in Realty Income Co. (NYSE:O) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,856 shares of the real estate investment trust’s stock after selling 3,125 shares during the period. Silver Lake Advisory LLC’s holdings in Realty Income were worth $2,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in O. Manchester Capital Management LLC boosted its holdings in shares of Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares during the last quarter. Baystate Wealth Management LLC increased its holdings in shares of Realty Income by 62.7% in the fourth 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 valued at $29,000 after purchasing an additional 429 shares during the period. CVA Family Office LLC purchased a new stake in shares of Realty Income during the fourth quarter worth $29,000. Finally, Operose Advisors LLC acquired a new position in Realty Income during the third quarter worth $30,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on O shares. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets initiated coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Stifel Nicolaus decreased their target price 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. Finally, Mizuho reduced their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus price target of $60.96.

Realty Income Price Performance

O stock traded up $0.48 during midday trading on Thursday, reaching $54.40. The stock had a trading volume of 1,529,725 shares, compared to its average volume of 6,766,991. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. 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 company’s fifty day simple moving average is $52.74 and its 200 day simple moving average is $53.57. The company has a market cap of $46.85 billion, a price-to-earnings ratio of 43.01, a price-to-earnings-growth ratio of 5.56 and a beta of 0.92.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS 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 return on equity of 4.06% and a net margin of 21.39%. The firm’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 EPS. As a group, sell-side analysts predict that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

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.