Realty Income Co. (NYSE:O) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. cut its stake in Realty Income Co. (NYSE:O - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,983 shares of the real estate investment trust's stock after selling 6,874 shares during the quarter. Griffin Asset Management Inc.'s holdings in Realty Income were worth $1,067,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. ZWJ Investment Counsel Inc. grew its holdings in Realty Income by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust's stock worth $1,857,000 after acquiring an additional 164 shares during the period. Whittier Trust Co. boosted its stake in Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust's stock worth $245,000 after purchasing an additional 166 shares during the period. Greenleaf Trust increased its stake in Realty Income by 1.0% in the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust's stock worth $1,072,000 after acquiring an additional 170 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Realty Income by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 176 shares in the last quarter. Finally, Buckley Wealth Management LLC boosted its holdings in Realty Income by 1.9% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust's stock valued at $599,000 after acquiring an additional 176 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on O. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. UBS Group dropped their price objective on Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Royal Bank of Canada reissued an "outperform" rating and set a $62.00 target price on shares of Realty Income in a research note on Monday. Wells Fargo & Company reissued an "equal weight" rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective for the company. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Realty Income has a consensus rating of "Hold" and a consensus target price of $62.04.

Realty Income Stock Down 1.8 %

O traded down $1.01 on Tuesday, hitting $54.99. The company had a trading volume of 3,683,528 shares, compared to its average volume of 4,890,211. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a market capitalization of $48.12 billion, a price-to-earnings ratio of 52.37, a P/E/G ratio of 1.93 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a fifty day moving average price of $54.66 and a 200-day moving average price of $58.47.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the prior year, the firm posted $1.02 EPS. Realty Income's quarterly revenue was up 28.1% compared to the same quarter last year. Analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income's dividend payout ratio (DPR) is presently 301.91%.

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.