MGO One Seven LLC Reduces Position in Realty Income Co. (NYSE:O)

MGO One Seven LLC trimmed its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,456 shares of the real estate investment trust's stock after selling 14,858 shares during the period. MGO One Seven LLC's holdings in Realty Income were worth $2,374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. bought a new position in shares of Realty Income in the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new stake in Realty Income during the fourth quarter valued at about $29,000. Sierra Ocean LLC purchased a new position in shares of Realty Income in the fourth quarter valued at about $32,000. Millstone Evans Group LLC bought a new position in shares of Realty Income in the fourth quarter worth about $34,000. Finally, BankPlus Trust Department purchased a new stake in shares of Realty Income during the fourth quarter worth about $37,000. Institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on O. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada reduced their price target 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. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.35.

Realty Income Price Performance

O traded up $0.36 during midday trading on Monday, hitting $57.25. 3,239,318 shares of the company traded hands, compared to its average volume of 5,245,486. The business has a 50 day simple moving average of $56.50 and a two-hundred day simple moving average of $56.34. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a market capitalization of $51.05 billion, a price-to-earnings ratio of 54.52, a PEG ratio of 2.10 and a beta of 0.79. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's dividend payout ratio is currently 328.57%.

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.