Cyndeo Wealth Partners LLC Sells 1,101 Shares of Realty Income Co. (NYSE:O)

Cyndeo Wealth Partners LLC cut its position in shares of Realty Income Co. (NYSE:O) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,712 shares of the real estate investment trust’s stock after selling 1,101 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Realty Income were worth $626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc raised its position in Realty Income by 11.6% during the second quarter. Ensign Peak Advisors Inc now owns 44,128 shares of the real estate investment trust’s stock valued at $2,331,000 after purchasing an additional 4,570 shares during the period. AQR Capital Management LLC lifted its stake in shares of Realty Income by 23.1% during the 2nd quarter. AQR Capital Management LLC now owns 264,829 shares of the real estate investment trust’s stock worth $13,835,000 after acquiring an additional 49,629 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of Realty Income by 220.5% during the 2nd quarter. APG Asset Management N.V. now owns 105,968 shares of the real estate investment trust’s stock worth $5,223,000 after acquiring an additional 72,900 shares during the last quarter. MBB Public Markets I LLC lifted its stake in shares of Realty Income by 279.8% during the 2nd quarter. MBB Public Markets I LLC now owns 60,815 shares of the real estate investment trust’s stock worth $3,212,000 after acquiring an additional 44,801 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Realty Income by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 602,672 shares of the real estate investment trust’s stock worth $31,833,000 after acquiring an additional 11,448 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of O opened at $54.35 on Friday. The stock has a market cap of $47.57 billion, a P/E ratio of 51.77, a P/E/G ratio of 1.93 and a beta of 1.00. The stock has a 50-day moving average of $54.68 and a two-hundred day moving average of $58.39. 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 one year low of $50.65 and a one year high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS. As a group, research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.264 per share. The ex-dividend date is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is currently 301.91%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on O shares. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Barclays began coverage on Realty Income in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price target on the stock. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $62.12.

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.