Tower Research Capital LLC TRC Has $2.37 Million Position in Realty Income Co. (NYSE:O)

Tower Research Capital LLC TRC trimmed its stake in Realty Income Co. (NYSE:O) by 7.0% in the fourth quarter, HoldingsChannel reports. The firm owned 44,349 shares of the real estate investment trust’s stock after selling 3,323 shares during the period. Tower Research Capital LLC TRC’s holdings in Realty Income were worth $2,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tcfg Wealth Management LLC raised its holdings in Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 186 shares during the last quarter. Romano Brothers AND Company raised its holdings in shares of Realty Income by 2.0% in the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 200 shares during the last quarter. Bay Rivers Group lifted its position in Realty Income by 1.0% in the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock valued at $1,103,000 after acquiring an additional 200 shares in the last quarter. Smith Moore & CO. boosted its stake in Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 201 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Realty Income by 11.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 218 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Up 0.9 %

O stock opened at $58.50 on Wednesday. The stock has a fifty day moving average of $56.34 and a 200-day moving average of $56.46. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a market capitalization of $52.17 billion, a price-to-earnings ratio of 55.71, a PEG ratio of 2.10 and a beta of 0.79. 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 earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate 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. As a group, equities research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Analysts Set New Price Targets

O has been the topic of several analyst reports. Royal Bank of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Mizuho raised their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Scotiabank reduced their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Barclays reissued an “overweight” rating on shares of Realty Income in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.35.

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.