Perennial Investment Advisors LLC Sells 213 Shares of Realty Income Co. (NYSE:O)

Perennial Investment Advisors LLC trimmed its position in shares of Realty Income Co. (NYSE:O) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,795 shares of the real estate investment trust’s stock after selling 213 shares during the period. Perennial Investment Advisors LLC’s holdings in Realty Income were worth $1,004,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of O. Raymond James Financial Inc. bought a new position in Realty Income in the 4th quarter worth approximately $553,572,000. Trust Co. of Vermont boosted its position in shares of Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after acquiring an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after acquiring an additional 166,178 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after acquiring an additional 101,184 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after acquiring an additional 74,185 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 3.4 %

O stock opened at $55.11 on Friday. The firm’s fifty day simple moving average is $56.03 and its two-hundred day simple moving average is $57.08. The stock has a market capitalization of $49.15 billion, a price-to-earnings ratio of 52.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share 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 firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Mizuho raised their price objective on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Scotiabank lowered their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Barclays upped their price target on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus target price of $62.42.

About Realty Income

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.