Realty Income Co. (NYSE:O) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. decreased its position in shares of Realty Income Co. (NYSE:O - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,018,048 shares of the real estate investment trust's stock after selling 253,230 shares during the period. Realty Income accounts for approximately 3.2% of Daiwa Securities Group Inc.'s portfolio, making the stock its 6th largest holding. Daiwa Securities Group Inc. owned approximately 1.25% of Realty Income worth $517,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of O. Harbour Investments Inc. increased its holdings in shares of Realty Income by 2.8% in the 4th quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust's stock worth $373,000 after acquiring an additional 160 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Realty Income by 13.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,522 shares of the real estate investment trust's stock worth $91,000 after acquiring an additional 185 shares during the period. Baystate Wealth Management LLC increased its holdings in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 190 shares during the period. Vestcor Inc increased its stake in Realty Income by 0.4% during the 2nd quarter. Vestcor Inc now owns 48,121 shares of the real estate investment trust's stock valued at $2,877,000 after buying an additional 191 shares during the period. Finally, Pinnacle Bancorp Inc. increased its stake in Realty Income by 5.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust's stock valued at $206,000 after buying an additional 202 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company's stock, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Realty Income Stock Up 0.9 %

O traded up $0.47 during midday trading on Wednesday, hitting $51.27. 5,119,461 shares of the company's stock traded hands, compared to its average volume of 6,936,256. The company has a market cap of $44.15 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 5.36 and a beta of 0.92. The stock's fifty day simple moving average is $52.51 and its 200-day simple moving average is $53.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned $1.00 EPS. The company's revenue for the quarter was up 21.1% compared to the same quarter last year. As a group, equities analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.257 per share. This represents a yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income's dividend payout ratio (DPR) is currently 244.45%.

Analysts Set New Price Targets

Several research firms have commented on O. Royal Bank of Canada raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, January 11th. Stifel Nicolaus lowered their price objective on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. BMO Capital Markets began coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 price objective on the stock. Mizuho lowered their price objective on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, March 7th. Finally, StockNews.com raised shares of Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and an average price target of $60.96.

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.