Moors & Cabot Inc. Trims Position in Realty Income Co. (NYSE:O)

Moors & Cabot Inc. decreased its position in shares of Realty Income Co. (NYSE:O) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,288 shares of the real estate investment trust’s stock after selling 348 shares during the quarter. Moors & Cabot Inc.’s holdings in Realty Income were worth $1,244,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Cascade Financial Partners LLC lifted its holdings in Realty Income by 37.6% in the 4th quarter. Cascade Financial Partners LLC now owns 5,840 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 1,596 shares in the last quarter. AGF Management Ltd. lifted its holdings in shares of Realty Income by 4.8% in the fourth quarter. AGF Management Ltd. now owns 52,406 shares of the real estate investment trust’s stock worth $2,799,000 after buying an additional 2,404 shares in the last quarter. Fairway Wealth LLC purchased a new position in shares of Realty Income in the fourth quarter worth $53,000. Independent Advisor Alliance boosted its position in shares of Realty Income by 9.9% during the fourth quarter. Independent Advisor Alliance now owns 24,134 shares of the real estate investment trust’s stock worth $1,289,000 after acquiring an additional 2,176 shares during the last quarter. Finally, 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. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.9 %

NYSE O opened at $55.86 on Friday. 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 52 week low of $50.65 and a 52 week high of $64.88. The firm has a market capitalization of $49.80 billion, a price-to-earnings ratio of 53.20, a PEG ratio of 2.10 and a beta of 1.00. The company has a fifty day moving average of $55.04 and a two-hundred day moving average of $57.76.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio is currently 327.55%.

Wall Street Analyst Weigh In

O has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Royal Bank of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, UBS Group decreased their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. 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 presently has an average rating of “Hold” and a consensus price target 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.