Realty Income Co. (NYSE:O) Shares Sold by RB Capital Management LLC

RB Capital Management LLC reduced its stake in shares of Realty Income Co. (NYSE:O) by 10.5% during the 4th quarter, HoldingsChannel reports. The fund owned 20,926 shares of the real estate investment trust’s stock after selling 2,462 shares during the period. RB Capital Management LLC’s holdings in Realty Income were worth $1,202,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of O. SVB Wealth LLC lifted its position in Realty Income by 53.8% during the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 2,677 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in Realty Income by 82.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock valued at $670,000 after purchasing an additional 5,231 shares during the period. LexAurum Advisors LLC acquired a new position in shares of Realty Income during the fourth quarter worth about $203,000. Vest Financial LLC grew its stake in shares of Realty Income by 50.3% in the fourth quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock valued at $31,037,000 after buying an additional 180,974 shares in the last quarter. Finally, Sowell Financial Services LLC raised its holdings in shares of Realty Income by 21.0% during the 4th quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust’s stock valued at $1,224,000 after buying an additional 3,681 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Realty Income stock traded up $0.38 during mid-day trading on Wednesday, hitting $53.92. 5,862,893 shares of the company’s stock traded hands, compared to its average volume of 6,808,006. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The company has a market cap of $46.43 billion, a PE ratio of 42.91, a price-to-earnings-growth ratio of 5.63 and a beta of 0.92. The firm has a 50 day moving average price of $52.71 and a 200 day moving average price of $53.57. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last released its 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 analyst estimates of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 EPS. On average, equities analysts forecast that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Announces Dividend

The company 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. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s dividend payout ratio is presently 244.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on O shares. Stifel Nicolaus cut their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. BMO Capital Markets started coverage on shares of Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Mizuho cut their price objective 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. Finally, Royal Bank of Canada lifted their target price on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.96.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were 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 of the company’s stock, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

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.