Householder Group Estate & Retirement Specialist LLC Sells 6,763 Shares of Realty Income Co. (NYSE:O)

Householder Group Estate & Retirement Specialist LLC lowered its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 71.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,723 shares of the real estate investment trust's stock after selling 6,763 shares during the quarter. Householder Group Estate & Retirement Specialist LLC's holdings in Realty Income were worth $145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlanta Consulting Group Advisors LLC bought a new stake in Realty Income during the 3rd quarter worth about $896,000. Code Waechter LLC bought a new stake in shares of Realty Income during the third quarter worth approximately $1,308,000. Charles Schwab Investment Management Inc. lifted its holdings in Realty Income by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock valued at $617,028,000 after buying an additional 463,286 shares during the period. Swiss National Bank boosted its stake in Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust's stock valued at $163,921,000 after acquiring an additional 35,100 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after acquiring an additional 74,185 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on O. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Scotiabank cut their target price on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a report on Thursday. Royal Bank of Canada decreased their price target on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Barclays began coverage on Realty Income in a research note on Tuesday, December 17th. They set an "equal weight" rating and a $59.00 price objective on the stock. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Realty Income has a consensus rating of "Hold" and an average price target of $62.12.

Realty Income Stock Performance

Shares of NYSE O traded up $0.04 during mid-day trading on Friday, reaching $54.62. 5,341,328 shares of the company were exchanged, compared to its average volume of 5,116,269. The stock has a market capitalization of $47.80 billion, a P/E ratio of 52.02, a P/E/G ratio of 1.85 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company's 50-day simple moving average is $54.92 and its 200-day simple moving average is $58.32. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

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

Realty Income Announces Dividend

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income's payout ratio is 301.91%.

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.