Realty Income Co. (NYSE:O) Shares Sold by Lincoln National Corp

Lincoln National Corp lowered its position in shares of Realty Income Co. (NYSE:O) by 1.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,329 shares of the real estate investment trust’s stock after selling 290 shares during the period. Lincoln National Corp’s holdings in Realty Income were worth $1,684,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in O. Machina Capital S.A.S. purchased a new position in Realty Income in the 4th quarter worth about $531,000. Maryland State Retirement & Pension System lifted its stake in Realty Income by 8.7% in the 4th quarter. Maryland State Retirement & Pension System now owns 56,374 shares of the real estate investment trust’s stock worth $3,237,000 after acquiring an additional 4,505 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in Realty Income in the 4th quarter valued at approximately $268,000. Summit Trail Advisors LLC purchased a new stake in shares of Realty Income during the fourth quarter worth $264,000. Finally, Metis Global Partners LLC boosted its position in Realty Income by 7.4% during the fourth quarter. Metis Global Partners LLC now owns 90,162 shares of the real estate investment trust’s stock valued at $5,177,000 after purchasing an additional 6,199 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Realty Income Trading Down 0.3 %

NYSE O traded down $0.16 during trading hours on Wednesday, hitting $54.86. The company’s stock had a trading volume of 1,356,021 shares, compared to its average volume of 6,775,396. The stock has a fifty day moving average of $52.94 and a 200 day moving average of $53.74. 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 Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The firm has a market capitalization of $47.24 billion, a P/E ratio of 43.44, a PEG ratio of 5.73 and a beta of 0.92.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Realty Income’s quarterly revenue was up 33.5% compared to the same quarter last year. Equities research analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is currently 244.45%.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.