Dudley Capital Management LLC Sells 850 Shares of Realty Income Co. (NYSE:O)

Dudley Capital Management LLC decreased its stake in shares of Realty Income Co. (NYSE:O) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,654 shares of the real estate investment trust’s stock after selling 850 shares during the quarter. Dudley Capital Management LLC’s holdings in Realty Income were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. CoreFirst Bank & Trust acquired a new stake in Realty Income in the fourth quarter valued at approximately $58,000. ICW Investment Advisors LLC raised its position in Realty Income by 1.6% in the 4th quarter. ICW Investment Advisors LLC now owns 32,312 shares of the real estate investment trust’s stock valued at $1,726,000 after buying an additional 509 shares during the last quarter. United Services Automobile Association lifted its stake in Realty Income by 14.7% during the 4th quarter. United Services Automobile Association now owns 20,564 shares of the real estate investment trust’s stock valued at $1,098,000 after acquiring an additional 2,637 shares in the last quarter. Congress Wealth Management LLC DE boosted its holdings in Realty Income by 2.1% during the 4th quarter. Congress Wealth Management LLC DE now owns 13,750 shares of the real estate investment trust’s stock worth $734,000 after acquiring an additional 282 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Realty Income by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after acquiring an additional 555,908 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

NYSE:O opened at $56.32 on Tuesday. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The stock has a fifty day moving average of $55.60 and a 200 day moving average of $57.42. 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 firm has a market capitalization of $50.21 billion, a price-to-earnings ratio of 53.63, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.28 billion. On average, research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Analyst Ratings Changes

A number of research analysts recently weighed in on O shares. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Barclays upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Scotiabank dropped 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 note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price 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.