Tarbox Family Office Inc. Sells 163,052 Shares of Realty Income Co. (NYSE:O)

Tarbox Family Office Inc. reduced its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 85.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,087 shares of the real estate investment trust's stock after selling 163,052 shares during the period. Tarbox Family Office Inc.'s holdings in Realty Income were worth $1,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of O. Manchester Capital Management LLC lifted its holdings in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 423 shares during the last quarter. Baystate Wealth Management LLC boosted its position in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 190 shares during the period. CVA Family Office LLC bought a new position in Realty Income during the 4th quarter worth $29,000. Operose Advisors LLC acquired a new stake in Realty Income in the third quarter worth $30,000. Finally, Orion Capital Management LLC bought a new stake in Realty Income in the third quarter valued at $35,000. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.1 %

O traded down $0.06 during trading on Friday, reaching $55.13. 4,270,902 shares of the stock traded hands, compared to its average volume of 5,966,669. The stock's 50-day simple moving average is $53.36 and its two-hundred day simple moving average is $54.01. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The stock has a market cap of $48.01 billion, a price-to-earnings ratio of 51.06, a price-to-earnings-growth ratio of 5.69 and a beta of 0.92.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm's revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. As a group, equities research 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 24 dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.2625 per share. Realty Income's dividend payout ratio is 285.19%.

Analyst Ratings Changes

Several analysts have weighed in on O shares. Stifel Nicolaus cut their target price on 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 initiated coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 price objective for the company. StockNews.com raised shares of Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Mizuho increased their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a "buy" rating in a report on Friday, May 10th. Finally, Scotiabank boosted their target price on Realty Income from $54.00 to $56.00 and gave the stock a "sector perform" rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Realty Income has an average rating of "Hold" and an average target price of $61.38.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company's stock, valued at approximately $339,317.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company's stock.

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.