Cyndeo Wealth Partners LLC decreased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 40.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,999 shares of the real estate investment trust's stock after selling 4,713 shares during the period. Cyndeo Wealth Partners LLC's holdings in Realty Income were worth $406,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Lee Danner & Bass Inc. acquired a new position in Realty Income during the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $29,000. Sierra Ocean LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $32,000. Millstone Evans Group LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $34,000. Institutional investors own 70.81% of the company's stock.
Realty Income Price Performance
NYSE O traded down $0.00 during trading hours on Friday, reaching $57.58. 3,482,257 shares of the stock traded hands, compared to its average volume of 5,210,646. The stock has a 50 day simple moving average of $56.70 and a two-hundred day simple moving average of $55.57. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $52.00 billion, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 4.02 and a beta of 0.76.
Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $1.03 earnings per share. The company's revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.
Realty Income Increases Dividend
The firm also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. This represents a yield of 5.6%. The ex-dividend date is Tuesday, July 1st. This is an increase from Realty Income's previous jul 25 dividend of $0.27. Realty Income's payout ratio is currently 292.73%.
Wall Street Analyst Weigh In
O has been the subject of several analyst reports. Royal Bank Of Canada lowered their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Scotiabank increased their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. UBS Group lowered their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus upped their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $61.15.
View Our Latest Analysis on Realty Income
Realty Income Profile
(
Free Report)
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.
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