SRS Capital Advisors Inc. Sells 1,400 Shares of Realty Income Co. (NYSE:O)

SRS Capital Advisors Inc. decreased its stake in shares of Realty Income Co. (NYSE:O) by 30.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,184 shares of the real estate investment trust’s stock after selling 1,400 shares during the period. SRS Capital Advisors Inc.’s holdings in Realty Income were worth $183,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Manchester Capital Management LLC raised its position in 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 worth $26,000 after acquiring an additional 423 shares during the period. Baystate Wealth Management LLC raised its position 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 worth $28,000 after acquiring an additional 190 shares during the period. FinTrust Capital Advisors LLC raised its position in Realty Income by 302.1% in the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 429 shares during the period. CVA Family Office LLC bought a new position in Realty Income in the fourth quarter worth approximately $29,000. Finally, Operose Advisors LLC bought a new stake in shares of Realty Income during the 3rd quarter valued at $30,000. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus decreased their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Royal Bank of Canada raised their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. Finally, BMO Capital Markets started coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price for the company. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average target price of $60.96.

Realty Income Trading Up 0.6 %

Shares of O stock traded up $0.35 during trading hours on Friday, reaching $55.26. 9,076,566 shares of the stock were exchanged, compared to its average volume of 5,836,093. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $52.78 and its 200-day moving average price is $53.58. The firm has a market capitalization of $47.59 billion, a price-to-earnings ratio of 43.86, a price-to-earnings-growth ratio of 5.70 and a beta of 0.92.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The company 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 company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 EPS. As a group, equities analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued 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 payout ratio is currently 244.45%.

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.