PFG Investments LLC Sells 297 Shares of Realty Income Co. (NYSE:O)

PFG Investments LLC cut its holdings in Realty Income Co. (NYSE:O) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,366 shares of the real estate investment trust’s stock after selling 297 shares during the quarter. PFG Investments LLC’s holdings in Realty Income were worth $653,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Realty Income by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after purchasing an additional 4,172,231 shares during the period. BlackRock Inc. boosted its stake in Realty Income by 4.3% during the second quarter. BlackRock Inc. now owns 61,840,542 shares of the real estate investment trust’s stock worth $3,697,446,000 after buying an additional 2,523,432 shares during the period. State Street Corp increased its position in Realty Income by 5.0% during the second quarter. State Street Corp now owns 51,642,575 shares of the real estate investment trust’s stock valued at $3,100,637,000 after acquiring an additional 2,460,053 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Realty Income by 4.3% in the second quarter. Cohen & Steers Inc. now owns 45,307,933 shares of the real estate investment trust’s stock valued at $2,709,100,000 after acquiring an additional 1,861,224 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Realty Income by 13.6% in the 4th quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock worth $1,202,097,000 after acquiring an additional 2,273,591 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on O. BNP Paribas upgraded shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price target on the stock in a report on Wednesday, December 13th. BMO Capital Markets started coverage on Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price on the stock. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Mizuho cut their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, Royal Bank of Canada increased their target price on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $60.96.

Realty Income Trading Up 2.2 %

NYSE O opened at $53.77 on Thursday. The company has a market capitalization of $46.30 billion, a price-to-earnings ratio of 42.67, a price-to-earnings-growth ratio of 5.46 and a beta of 0.92. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The company’s 50-day simple moving average is $53.22 and its two-hundred day simple moving average is $53.32.

Realty Income (NYSE:O) last announced its 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). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Equities analysts forecast that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a mar 24 dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a dividend of $0.257 per share. This is an increase from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date of this dividend is Friday, March 29th. This represents a dividend yield of 6%. Realty Income’s payout ratio is 244.45%.

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.