TD Private Client Wealth LLC Reduces Position in Realty Income Co. (NYSE:O)

TD Private Client Wealth LLC cut its stake in Realty Income Co. (NYSE:O - Free Report) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,435 shares of the real estate investment trust's stock after selling 6,340 shares during the period. TD Private Client Wealth LLC's holdings in Realty Income were worth $2,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Lee Danner & Bass Inc. purchased a new stake in shares of Realty Income during the fourth quarter valued at $28,000. Loudon Investment Management LLC grew its stake in Realty Income by 47.8% during the 4th quarter. Loudon Investment Management LLC now owns 21,980 shares of the real estate investment trust's stock valued at $1,174,000 after purchasing an additional 7,110 shares during the last quarter. HUB Investment Partners LLC increased its holdings in shares of Realty Income by 41.1% in the fourth quarter. HUB Investment Partners LLC now owns 7,727 shares of the real estate investment trust's stock valued at $413,000 after purchasing an additional 2,252 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Realty Income by 37.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 469,674 shares of the real estate investment trust's stock worth $25,085,000 after purchasing an additional 127,526 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $1,858,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

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Realty Income Price Performance

O traded down $0.64 during trading on Tuesday, hitting $55.64. The company's stock had a trading volume of 6,716,384 shares, compared to its average volume of 4,993,201. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $49.60 billion, a price-to-earnings ratio of 52.99, a P/E/G ratio of 2.10 and a beta of 1.00. The business's fifty day simple moving average is $55.60 and its 200 day simple moving average is $57.42. 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 issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.2685 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Realty Income's previous apr 25 dividend of $0.27. This represents a yield of 5.7%. Realty Income's dividend payout ratio (DPR) is currently 328.57%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target on the stock. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Scotiabank reduced their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Mizuho lowered their price target on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Finally, Barclays lifted their price objective on Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $62.04.

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.