Rafferty Asset Management LLC Sells 8,621 Shares of Realty Income Co. (NYSE:O)

Rafferty Asset Management LLC trimmed its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,169 shares of the real estate investment trust's stock after selling 8,621 shares during the quarter. Rafferty Asset Management LLC's holdings in Realty Income were worth $6,151,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in O. Carnegie Investment Counsel lifted its position in shares of Realty Income by 8.0% during the 4th quarter. Carnegie Investment Counsel now owns 87,452 shares of the real estate investment trust's stock valued at $4,671,000 after acquiring an additional 6,441 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of Realty Income by 20.3% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 20,203 shares of the real estate investment trust's stock valued at $1,079,000 after acquiring an additional 3,414 shares during the period. Walker Asset Management LLC lifted its position in shares of Realty Income by 4.8% during the 4th quarter. Walker Asset Management LLC now owns 6,045 shares of the real estate investment trust's stock valued at $323,000 after acquiring an additional 278 shares during the period. LongView Wealth Management lifted its position in shares of Realty Income by 39.0% during the 4th quarter. LongView Wealth Management now owns 35,188 shares of the real estate investment trust's stock valued at $1,879,000 after acquiring an additional 9,878 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in shares of Realty Income by 13.1% during the 4th quarter. Arkadios Wealth Advisors now owns 23,143 shares of the real estate investment trust's stock valued at $1,236,000 after acquiring an additional 2,682 shares during the period. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

O has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. UBS Group lowered their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Mizuho upped their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Scotiabank upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Royal Bank of Canada lowered their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Trading Down 0.1%

NYSE:O traded down $0.05 during trading hours on Tuesday, hitting $56.20. The company had a trading volume of 2,777,834 shares, compared to its average volume of 5,222,960. 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 current ratio of 1.40 and a quick ratio of 1.40. The stock has a 50-day moving average price of $56.30 and a 200 day moving average price of $55.68. The company has a market capitalization of $50.75 billion, a PE ratio of 53.52, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. On average, equities research analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a $0.2685 dividend. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income's dividend payout ratio (DPR) is currently 292.73%.

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.