Wolverine Asset Management LLC Sells 28,258 Shares of Realty Income Co. (NYSE:O)

Wolverine Asset Management LLC lowered its position in shares of Realty Income Co. (NYSE:O) by 40.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,778 shares of the real estate investment trust’s stock after selling 28,258 shares during the period. Wolverine Asset Management LLC’s holdings in Realty Income were worth $2,399,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Baystate Wealth Management LLC grew its stake in Realty Income by 62.7% during 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Realty Income by 24.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 208 shares in the last quarter. Caprock Group LLC grew its stake in Realty Income by 3.4% in the 4th quarter. Caprock Group LLC now owns 6,964 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 231 shares in the last quarter. Jeppson Wealth Management LLC grew its stake in Realty Income by 1.6% in the 3rd quarter. Jeppson Wealth Management LLC now owns 15,094 shares of the real estate investment trust’s stock worth $754,000 after buying an additional 243 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. grew its stake in Realty Income by 3.5% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 7,374 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $53.67 on Thursday. The company has a 50 day moving average price of $52.59 and a 200-day moving average price of $53.45. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The firm has a market capitalization of $46.22 billion, a PE ratio of 42.60, a P/E/G ratio of 5.54 and a beta of 0.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

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

Realty Income Dividend Announcement

The firm also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.257 per share. 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%.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on O. Royal Bank of Canada increased their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Stifel Nicolaus dropped their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. BMO Capital Markets assumed 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 for the company. Mizuho reduced their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $60.96.

Realty Income Company 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.