Delta Investment Management LLC Cuts Position in Realty Income Co. (NYSE:O)

Delta Investment Management LLC trimmed its position in Realty Income Co. (NYSE:O - Free Report) by 36.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,546 shares of the real estate investment trust's stock after selling 6,082 shares during the period. Delta Investment Management LLC's holdings in Realty Income were worth $563,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Tcfg Wealth Management LLC grew its position in Realty Income by 2.9% in the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock worth $357,000 after purchasing an additional 186 shares in the last quarter. Romano Brothers AND Company grew its position in shares of Realty Income by 2.0% during the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock valued at $544,000 after acquiring an additional 200 shares during the period. Bay Rivers Group grew its position in shares of Realty Income by 1.0% during the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock valued at $1,103,000 after acquiring an additional 200 shares during the period. Smith Moore & CO. grew its position in shares of Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after acquiring an additional 201 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Realty Income by 11.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock valued at $115,000 after acquiring an additional 218 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

NYSE O traded down $0.92 on Wednesday, hitting $55.29. The stock had a trading volume of 4,526,438 shares, compared to its average volume of 5,225,963. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $49.93 billion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The firm has a 50-day moving average of $56.28 and a 200-day moving average of $55.69.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the company posted $1.03 EPS. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. Equities 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 jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $0.2685 dividend. This represents a yield of 5.8%. The ex-dividend date of this dividend is Monday, June 2nd. Realty Income's dividend payout ratio is presently 292.73%.

Analyst Ratings Changes

A number of research firms have recently weighed in on O. Stifel Nicolaus increased their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Mizuho increased their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Scotiabank increased their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Finally, BNP Paribas downgraded 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. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and a consensus price target of $61.15.

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.