JFS Wealth Advisors LLC Sells 241 Shares of Realty Income Co. (NYSE:O)

JFS Wealth Advisors LLC cut its holdings in Realty Income Co. (NYSE:OFree Report) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 872 shares of the real estate investment trust’s stock after selling 241 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Realty Income were worth $50,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of O. Baystate Wealth Management LLC grew its stake 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 acquiring an additional 190 shares during the period. CVA Family Office LLC acquired a new position in Realty Income during the fourth quarter worth $29,000. Manchester Capital Management LLC lifted its stake in shares of Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 423 shares in the last quarter. Operose Advisors LLC acquired a new position in shares of Realty Income during the third quarter valued at about $30,000. Finally, Orion Capital Management LLC bought a new stake in shares of Realty Income during the third quarter worth about $35,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

Shares of O traded up $0.38 during midday trading on Friday, reaching $55.01. The stock had a trading volume of 3,859,727 shares, compared to its average volume of 6,314,464. The company has a current ratio of 1.83, a quick ratio of 1.28 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $47.90 billion, a price-to-earnings ratio of 50.94, a price-to-earnings-growth ratio of 5.68 and a beta of 0.92. The company’s 50-day moving average is $53.10 and its 200 day moving average is $53.79. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18.

Realty Income (NYSE:OGet Free Report) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $0.98 EPS. Realty Income’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, equities analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is currently 285.19%.

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. BMO Capital Markets began coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus dropped their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, Mizuho upped their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Realty Income has an average rating of “Hold” and an average target price of $61.21.

Check Out Our Latest Research Report on O

About Realty Income

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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