Bahl & Gaynor Inc. Reduces Holdings in Realty Income Co. (NYSE:O)

Bahl & Gaynor Inc. cut its holdings in shares of Realty Income Co. (NYSE:O) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,201,012 shares of the real estate investment trust’s stock after selling 188,542 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Realty Income were worth $170,966,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Sierra Ocean LLC acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $32,000. BankPlus Trust Department purchased a new position in shares of Realty Income in the 4th quarter valued at about $37,000. ST Germain D J Co. Inc. lifted its position in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 567 shares during the period. Luken Investment Analytics LLC acquired a new position in Realty Income during the fourth quarter worth $40,000. Finally, Independence Bank of Kentucky raised its stake in shares of Realty Income by 54.5% during the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 300 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Up 0.9 %

NYSE:O opened at $57.53 on Tuesday. The stock has a 50-day simple moving average of $54.34 and a 200 day simple moving average of $57.90. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a market capitalization of $51.29 billion, a price-to-earnings ratio of 54.79, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. 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 issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share 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 for the quarter, compared to analyst estimates of $1.28 billion. Sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. This represents a yield of 5.7%. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio (DPR) is presently 327.55%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Mizuho reduced their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Scotiabank lowered their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday. UBS Group dropped their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Finally, Barclays lowered their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $61.81.

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.