Parsons Capital Management Inc. RI Has $1.79 Million Holdings in Realty Income Co. (NYSE:O)

Parsons Capital Management Inc. RI reduced its holdings in Realty Income Co. (NYSE:O - Free Report) by 18.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,522 shares of the real estate investment trust's stock after selling 7,500 shares during the quarter. Parsons Capital Management Inc. RI's holdings in Realty Income were worth $1,790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in O. ZWJ Investment Counsel Inc. raised its stake 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 valued at $1,857,000 after purchasing an additional 164 shares during the period. Whittier Trust Co. lifted 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 acquiring an additional 166 shares in the last quarter. Greenleaf Trust boosted its position in Realty Income by 1.0% during 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 period. Grove Bank & Trust grew its stake in Realty Income by 14.3% during the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust's stock valued at $89,000 after acquiring an additional 176 shares in the last quarter. Finally, Buckley Wealth Management LLC increased its holdings in shares of Realty Income by 1.9% in 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 purchasing an additional 176 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on O shares. UBS Group reduced their price target on Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Mizuho decreased their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada restated an "outperform" rating and set a $62.00 price target on shares of Realty Income in a research note on Monday. Scotiabank reduced their price objective on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating for the company in a research note on Thursday, January 16th. Finally, Stifel Nicolaus lowered their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $62.04.

Realty Income Price Performance

O traded down $1.01 during trading on Tuesday, hitting $54.99. The company's stock had a trading volume of 3,692,114 shares, compared to its average volume of 4,891,151. The firm's 50 day moving average price is $54.66 and its two-hundred day moving average price is $58.47. The stock has a market capitalization of $48.12 billion, a price-to-earnings ratio of 52.37, a price-to-earnings-growth ratio of 1.93 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. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results 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). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the business posted $1.02 EPS. Sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared 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. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income's dividend payout ratio is currently 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.