Federated Hermes Inc. Cuts Holdings in Realty Income Co. (NYSE:O)

Federated Hermes Inc. decreased its position in shares of Realty Income Co. (NYSE:O) by 9.4% in the fourth quarter, HoldingsChannel reports. The firm owned 997,375 shares of the real estate investment trust’s stock after selling 102,935 shares during the quarter. Federated Hermes Inc.’s holdings in Realty Income were worth $57,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in O. Compass Wealth Management LLC purchased a new position in shares of Realty Income during the fourth quarter valued at about $25,000. Manchester Capital Management LLC grew its position in shares of Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 423 shares in the last quarter. Baystate Wealth Management LLC grew its position in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares in the last quarter. FinTrust Capital Advisors LLC grew its position in Realty Income by 302.1% in the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 429 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in Realty Income in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of O opened at $53.04 on Friday. The firm has a market capitalization of $45.68 billion, a PE ratio of 42.10, a price-to-earnings-growth ratio of 5.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company’s fifty day moving average price is $52.49 and its 200-day moving average price is $53.35.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. Realty Income’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the firm earned $1.00 earnings per share. On average, equities research analysts predict that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Announces Dividend

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Mizuho decreased their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. BMO Capital Markets began coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target for the company. Finally, Royal Bank of Canada lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.96.

Realty Income 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.