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

Perennial Investment Advisors LLC decreased its position in Realty Income Co. (NYSE:O) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,795 shares of the real estate investment trust’s stock after selling 213 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Realty Income were worth $1,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mizuho Bank Ltd. purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $51,000. Resona Asset Management Co. Ltd. purchased a new position in Realty Income during the fourth quarter valued at $28,826,000. Smith Moore & CO. raised its stake in Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 201 shares during the last quarter. Prudential PLC boosted its holdings in Realty Income by 59.7% in the fourth quarter. Prudential PLC now owns 22,518 shares of the real estate investment trust’s stock worth $1,203,000 after acquiring an additional 8,415 shares in the last quarter. Finally, Landscape Capital Management L.L.C. grew its stake in shares of Realty Income by 393.3% in the fourth quarter. Landscape Capital Management L.L.C. now owns 26,403 shares of the real estate investment trust’s stock worth $1,410,000 after acquiring an additional 21,051 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 %

Shares of NYSE:O opened at $55.11 on Friday. The stock’s 50-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 PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

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 (EPS) 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 business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

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

Analyst Upgrades and Downgrades

O has been the topic of a number of analyst reports. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Mizuho upped 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.42.

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.