Griffin Asset Management Inc. Sells 6,874 Shares of Realty Income Co. (NYSE:O)

Griffin Asset Management Inc. reduced its stake in Realty Income Co. (NYSE:O) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,983 shares of the real estate investment trust’s stock after selling 6,874 shares during the period. Griffin Asset Management Inc.’s holdings in Realty Income were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in shares of Realty Income by 4.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 18,370 shares of the real estate investment trust’s stock valued at $981,000 after acquiring an additional 735 shares during the last quarter. Buffington Mohr McNeal bought a new stake in shares of Realty Income in the 4th quarter valued at about $216,000. Bay Rivers Group boosted its position in Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after purchasing an additional 200 shares during the period. Pacer Advisors Inc. lifted its holdings in Realty Income by 58.1% during the 4th quarter. Pacer Advisors Inc. now owns 102,386 shares of the real estate investment trust’s stock worth $5,468,000 after purchasing an additional 37,638 shares during the last quarter. Finally, United Asset Strategies Inc. grew its position in shares of Realty Income by 4.3% during the 4th quarter. United Asset Strategies Inc. now owns 113,013 shares of the real estate investment trust’s stock worth $6,036,000 after purchasing an additional 4,685 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Up 3.1 %

NYSE O opened at $56.03 on Tuesday. The stock has a market capitalization of $49.03 billion, a P/E ratio of 53.36, a P/E/G ratio of 1.93 and a beta of 1.00. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The firm has a 50-day moving average price of $54.68 and a 200 day moving average price of $58.46. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

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

Realty Income Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on O. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. UBS Group lowered their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Barclays began coverage on Realty Income in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price objective on the stock. Finally, Mizuho lowered their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.04.

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.