Lindbrook Capital LLC Trims Stock Position in Realty Income Co. (NYSE:O)

Lindbrook Capital LLC lessened its holdings in shares of Realty Income Co. (NYSE:O) by 20.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,558 shares of the real estate investment trust’s stock after selling 400 shares during the period. Lindbrook Capital LLC’s holdings in Realty Income were worth $89,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of O. Manchester Capital Management LLC boosted its holdings in shares of Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 423 shares in the last quarter. Baystate Wealth Management LLC boosted its stake in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. FinTrust Capital Advisors LLC boosted its stake in Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 429 shares in the last quarter. CVA Family Office LLC bought a new position in Realty Income in the 4th quarter worth about $29,000. Finally, Operose Advisors LLC bought a new position in Realty Income in the 3rd quarter worth about $30,000. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Realty Income Price Performance

NYSE O opened at $53.67 on Thursday. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The firm has a market capitalization of $46.22 billion, a P/E ratio of 42.60, a PEG ratio of 5.54 and a beta of 0.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $52.59 and a 200-day moving average price of $53.45.

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

Realty Income Dividend Announcement

The company also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s dividend payout ratio is 244.45%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on O shares. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus dropped their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Royal Bank of Canada upped their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. BMO Capital Markets initiated coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target on the stock. Finally, Mizuho lowered their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.96.

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.