Parsons Capital Management Inc. RI Sells 7,500 Shares of Realty Income Co. (NYSE:O)

Parsons Capital Management Inc. RI cut its position in Realty Income Co. (NYSE:O) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,522 shares of the real estate investment trust’s stock after selling 7,500 shares during the period. Parsons Capital Management Inc. RI’s holdings in Realty Income were worth $1,790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its holdings in shares of 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 buying an additional 211 shares during the last quarter. Creative Capital Management Investments LLC lifted its position in Realty Income by 133.3% in the 3rd 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 in the last quarter. ST Germain D J Co. Inc. boosted its stake in 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 purchasing an additional 567 shares during the last quarter. Pacifica Partners Inc. increased its holdings in Realty Income by 89.2% during the 3rd quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 437 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Realty Income by 313.5% in the third quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 718 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on O shares. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Barclays initiated coverage on shares of Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target on the stock. Stifel Nicolaus reduced 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. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Realty Income in a report on Monday. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Price Performance

Shares of NYSE O opened at $56.03 on Tuesday. The stock has a fifty day moving average of $54.68 and a 200-day moving average of $58.46. The stock has a market cap of $49.03 billion, a PE ratio of 53.36, a price-to-earnings-growth 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 Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 earnings per share. Equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed 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. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s payout ratio is 301.91%.

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.