Stifel Financial Corp Reduces Holdings in Realty Income Co. (NYSE:O)

Stifel Financial Corp cut its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,139,510 shares of the real estate investment trust's stock after selling 43,671 shares during the period. Stifel Financial Corp owned 0.13% of Realty Income worth $60,862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in O. Lee Danner & Bass Inc. acquired a new position in Realty Income during the fourth quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Realty Income in the 4th quarter valued at about $29,000. Sierra Ocean LLC purchased a new stake in shares of Realty Income in the fourth quarter worth about $32,000. Millstone Evans Group LLC acquired a new stake in Realty Income during the fourth quarter worth about $34,000. Finally, BankPlus Trust Department purchased a new position in Realty Income during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

NYSE O traded down $0.87 during mid-day trading on Thursday, hitting $57.18. The stock had a trading volume of 5,512,217 shares, compared to its average volume of 5,261,888. Realty Income Co. has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm's 50 day moving average is $56.47 and its 200 day moving average is $56.44. The stock has a market capitalization of $50.99 billion, a price-to-earnings ratio of 54.46, a PEG ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Equities research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's dividend payout ratio is presently 328.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Scotiabank dropped their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $62.35.

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.