Greenleaf Trust Sells 5,239 Shares of Realty Income Co. (NYSE:O)

Greenleaf Trust cut its holdings in Realty Income Co. (NYSE:O) by 31.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,672 shares of the real estate investment trust’s stock after selling 5,239 shares during the period. Greenleaf Trust’s holdings in Realty Income were worth $623,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Rosenberg Matthew Hamilton increased its stake in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares during the period. Creative Capital Management Investments LLC increased its stake in Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the period. Luken Investment Analytics LLC bought a new position in Realty Income during the fourth quarter valued at about $40,000. ST Germain D J Co. Inc. increased its stake in Realty Income by 306.5% during the fourth 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. Finally, Independence Bank of Kentucky increased its stake in Realty Income by 54.5% during the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 300 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Down 0.8 %

NYSE:O opened at $54.08 on Wednesday. The stock’s fifty day moving average price is $54.39 and its two-hundred day moving average price is $58.39. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $47.33 billion, a price-to-earnings ratio of 51.50, a P/E/G ratio of 1.96 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings data 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 firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted $1.02 EPS. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays decreased their price objective on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday. Scotiabank decreased their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Finally, Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $61.81.

About Realty Income

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.