Norden Group LLC Reduces Stock Holdings in Realty Income Co. (NYSE:O)

Norden Group LLC lowered its stake in shares of Realty Income Co. (NYSE:O) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,561 shares of the real estate investment trust’s stock after selling 272 shares during the quarter. Norden Group LLC’s holdings in Realty Income were worth $404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sierra Ocean LLC bought a new stake in Realty Income in the fourth quarter worth about $32,000. BankPlus Trust Department purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $37,000. Luken Investment Analytics LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $40,000. ST Germain D J Co. Inc. lifted its stake in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 567 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its holdings in Realty Income by 54.5% during the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on O shares. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Scotiabank reduced their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Barclays boosted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday. Royal Bank of Canada reduced their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income Stock Performance

Shares of O stock opened at $57.80 on Wednesday. The firm has a market cap of $51.53 billion, a price-to-earnings ratio of 55.05, a PEG ratio of 2.10 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 company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $54.43 and its 200 day moving average is $57.89.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.268 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income’s payout ratio is currently 327.55%.

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.