Trust Investment Advisors Sells 4,426 Shares of Realty Income Co. (NYSE:O)

Trust Investment Advisors decreased its position in shares of Realty Income Co. (NYSE:O) by 21.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,964 shares of the real estate investment trust’s stock after selling 4,426 shares during the period. Trust Investment Advisors’ holdings in Realty Income were worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Compass Wealth Management LLC acquired a new position in shares of Realty Income during the fourth quarter valued at about $25,000. Manchester Capital Management LLC grew its position in 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 worth $26,000 after purchasing an additional 423 shares during the last quarter. Baystate Wealth Management LLC increased its stake in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of Realty Income by 302.1% in the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 429 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Realty Income during the fourth quarter worth $29,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

O traded up $0.75 on Thursday, reaching $52.03. The stock had a trading volume of 4,955,756 shares, compared to its average volume of 6,909,912. The business’s 50-day moving average price is $52.51 and its two-hundred day moving average price is $53.33. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The company has a market cap of $44.81 billion, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 5.27 and a beta of 0.92.

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

Realty Income Dividend Announcement

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

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.