LM Advisors LLC Lowers Stake in Realty Income Co. (NYSE:O)

LM Advisors LLC lessened its holdings in Realty Income Co. (NYSE:O) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,862 shares of the real estate investment trust’s stock after selling 3,299 shares during the quarter. LM Advisors LLC’s holdings in Realty Income were worth $634,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cerity Partners LLC raised its position in shares of Realty Income by 60.0% in the 3rd quarter. Cerity Partners LLC now owns 86,934 shares of the real estate investment trust’s stock worth $5,513,000 after purchasing an additional 32,600 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in Realty Income by 15.7% in the third quarter. Summit Trail Advisors LLC now owns 6,912 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 938 shares during the last quarter. Independent Advisor Alliance lifted its stake in shares of Realty Income by 7.7% in the third quarter. Independent Advisor Alliance now owns 21,958 shares of the real estate investment trust’s stock worth $1,393,000 after buying an additional 1,571 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Realty Income by 12.3% during the third quarter. Private Trust Co. NA now owns 10,187 shares of the real estate investment trust’s stock valued at $646,000 after buying an additional 1,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Realty Income by 3.1% during the third quarter. The Manufacturers Life Insurance Company now owns 621,476 shares of the real estate investment trust’s stock valued at $39,414,000 after buying an additional 18,804 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the topic of several analyst reports. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Barclays raised their price target on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Finally, Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.04.

Realty Income Stock Performance

Shares of O opened at $56.57 on Thursday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $50.43 billion, a price-to-earnings ratio of 53.87, a PEG ratio of 2.10 and a beta of 1.00. The business has a 50-day simple moving average of $55.72 and a two-hundred day simple moving average of $57.37.

Realty Income (NYSE:O) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

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

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.