Elo Mutual Pension Insurance Co Sells 4,651 Shares of Realty Income Co. (NYSE:O)

Elo Mutual Pension Insurance Co trimmed its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,037 shares of the real estate investment trust's stock after selling 4,651 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Realty Income were worth $4,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tcfg Wealth Management LLC boosted its position in shares of Realty Income by 2.9% during the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock valued at $357,000 after purchasing an additional 186 shares in the last quarter. Romano Brothers AND Company increased its holdings in shares of Realty Income by 2.0% during the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock valued at $544,000 after acquiring an additional 200 shares in the last quarter. Bay Rivers Group raised its position in shares of Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock worth $1,103,000 after purchasing an additional 200 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Realty Income by 11.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 218 shares in the last quarter. Finally, Howard Capital Management Inc. grew its position in Realty Income by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock valued at $238,000 after purchasing an additional 229 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

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Realty Income Stock Performance

O stock traded up $0.45 during midday trading on Friday, hitting $56.61. The company's stock had a trading volume of 3,502,595 shares, compared to its average volume of 5,134,223. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The stock has a market cap of $50.47 billion, a price-to-earnings ratio of 53.91, a PEG ratio of 2.10 and a beta of 1.00. The stock's 50-day moving average price is $55.79 and its 200 day moving average price is $57.28. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. On average, equities analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This is an increase from Realty Income's previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income's dividend payout ratio is currently 328.57%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 target price on the stock. Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, Barclays lifted their target price on Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus target price of $62.04.

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.