Court Place Advisors LLC Sells 485 Shares of Realty Income Co. (NYSE:O)

Court Place Advisors LLC trimmed its holdings in shares of Realty Income Co. (NYSE:O) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,121 shares of the real estate investment trust’s stock after selling 485 shares during the period. Court Place Advisors LLC’s holdings in Realty Income were worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in O. Harbour Investments Inc. boosted its stake in Realty Income by 2.8% in the fourth quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 160 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Realty Income by 13.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,522 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 185 shares during the last quarter. Baystate Wealth Management LLC lifted its position in Realty Income by 62.7% in the fourth 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 during the last quarter. Vestcor Inc lifted its position in Realty Income by 0.4% in the second quarter. Vestcor Inc now owns 48,121 shares of the real estate investment trust’s stock valued at $2,877,000 after purchasing an additional 191 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its position in Realty Income by 5.2% in the third quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 202 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 0.9 %

O traded up $0.47 during trading on Wednesday, reaching $51.27. The stock had a trading volume of 5,119,461 shares, compared to its average volume of 6,936,256. The stock’s 50 day moving average is $52.55 and its two-hundred day moving average is $53.34. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $44.15 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 5.36 and a beta of 0.92. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. Realty Income’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. As a group, analysts expect that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.257 dividend. The ex-dividend date is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is 244.45%.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, 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 available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.