Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 403 Shares of Realty Income Co. (NYSE:O)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its holdings in shares of Realty Income Co. (NYSE:O) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,291 shares of the real estate investment trust’s stock after selling 403 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Realty Income were worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. AQR Capital Management LLC boosted its holdings in shares of Realty Income by 23.1% in the 2nd quarter. AQR Capital Management LLC now owns 264,829 shares of the real estate investment trust’s stock valued at $13,835,000 after buying an additional 49,629 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Realty Income by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 602,672 shares of the real estate investment trust’s stock valued at $31,833,000 after purchasing an additional 11,448 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Realty Income by 5.5% in the 2nd quarter. Mackenzie Financial Corp now owns 97,156 shares of the real estate investment trust’s stock valued at $5,132,000 after purchasing an additional 5,090 shares during the last quarter. Creative Planning raised its position in shares of Realty Income by 24.0% in the 2nd quarter. Creative Planning now owns 259,481 shares of the real estate investment trust’s stock valued at $13,706,000 after purchasing an additional 50,169 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Realty Income in the 2nd quarter valued at approximately $151,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

Realty Income stock opened at $54.99 on Wednesday. The company’s fifty day moving average price is $54.66 and its 200 day moving average price is $58.47. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The stock has a market capitalization of $48.12 billion, a P/E ratio of 52.37, a P/E/G ratio of 1.93 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 announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm earned $1.02 EPS. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.264 per share. The ex-dividend date is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is presently 301.91%.

Analyst Ratings Changes

O has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a research report on Monday. Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Scotiabank reduced their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. UBS Group reduced their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.