Parallel Advisors LLC Sells 307 Shares of Realty Income Co. (NYSE:O)

Parallel Advisors LLC decreased its position in Realty Income Co. (NYSE:O) by 0.2% during the 4th quarter, Holdings Channel reports. The firm owned 174,189 shares of the real estate investment trust’s stock after selling 307 shares during the quarter. Parallel Advisors LLC’s holdings in Realty Income were worth $9,303,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hopwood Financial Services Inc. bought a new stake in shares of Realty Income in the 4th quarter worth about $29,000. Sierra Ocean LLC acquired a new position in Realty Income during the 4th quarter worth about $32,000. BankPlus Trust Department acquired a new position in Realty Income during the 4th quarter worth about $37,000. ST Germain D J Co. Inc. lifted its position in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares in the last quarter. Finally, Luken Investment Analytics LLC acquired a new position in Realty Income during the 4th quarter worth about $40,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE:O opened at $56.79 on Monday. The company has a market capitalization of $50.63 billion, a price-to-earnings ratio of 54.09, a P/E/G ratio of 2.10 and a beta of 1.00. The firm’s 50 day simple moving average is $55.11 and its 200 day simple moving average is $57.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This represents a yield of 5.7%. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio is presently 327.55%.

Analysts Set New Price Targets

O has been the topic of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Scotiabank reduced their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Barclays upped their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average price target of $62.04.

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.