Phillips Wealth Planners LLC Sells 465 Shares of Realty Income Co. (NYSE:O)

Phillips Wealth Planners LLC reduced its holdings in shares of Realty Income Co. (NYSE:O) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,016 shares of the real estate investment trust’s stock after selling 465 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Realty Income were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Rosenberg Matthew Hamilton raised its stake in shares of Realty Income by 75.4% in 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 period. Creative Capital Management Investments LLC raised its stake in shares of Realty Income by 133.3% in 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 buying an additional 300 shares during the period. ST Germain D J Co. Inc. raised its stake in shares of Realty Income by 306.5% in 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 buying an additional 567 shares during the period. Pacifica Partners Inc. raised its stake in shares of Realty Income by 89.2% in the third quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 437 shares during the period. 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 valued at $60,000 after buying an additional 718 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on O. UBS Group reduced their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Finally, Scotiabank reduced their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.12.

Realty Income Trading Down 2.3 %

O opened at $53.98 on Thursday. The business has a 50 day simple moving average of $54.82 and a two-hundred day simple moving average of $58.44. The firm has a market capitalization of $47.24 billion, a price-to-earnings ratio of 51.41, a PEG ratio of 1.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business 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 revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.02 EPS. Analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

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.