Sanibel Captiva Trust Company Inc. Sells 6,567 Shares of Realty Income Co. (NYSE:O)

Sanibel Captiva Trust Company Inc. reduced its position in Realty Income Co. (NYSE:O - Free Report) by 13.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,453 shares of the real estate investment trust's stock after selling 6,567 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Realty Income were worth $2,321,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Parnassus Investments LLC lifted its stake in Realty Income by 7.4% in the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock worth $1,550,506,000 after purchasing an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Realty Income by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust's stock valued at $1,445,036,000 after acquiring an additional 242,786 shares during the last quarter. Legal & General Group Plc boosted its holdings in Realty Income by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust's stock valued at $647,492,000 after acquiring an additional 531,008 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 463,286 shares during the last quarter. Finally, APG Asset Management US Inc. boosted its stake in shares of Realty Income by 3.1% during the second quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust's stock valued at $454,502,000 after purchasing an additional 265,000 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 0.1 %

Shares of O stock traded up $0.04 during trading hours on Friday, hitting $54.62. 5,341,328 shares of the company's stock traded hands, compared to its average volume of 5,116,269. 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 stock's fifty day simple moving average is $54.92 and its two-hundred day simple moving average is $58.37. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a market cap of $47.80 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 1.85 and a beta of 1.00.

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

Realty Income Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on O. Royal Bank of Canada decreased their price objective on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. UBS Group lowered their price target on Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective on the stock. Wells Fargo & Company restated an "equal weight" rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, Scotiabank decreased 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 report on Thursday. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.12.

About Realty Income

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.