Northcape Wealth Management LLC Has $485,000 Stock Position in Realty Income Co. (NYSE:O)

Northcape Wealth Management LLC reduced its holdings in shares of Realty Income Co. (NYSE:O) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,446 shares of the real estate investment trust’s stock after selling 999 shares during the quarter. Northcape Wealth Management LLC’s holdings in Realty Income were worth $485,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Realty Income by 3.9% during the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after purchasing an additional 4,172,231 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Realty Income by 69.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,922,207 shares of the real estate investment trust’s stock worth $95,995,000 after acquiring an additional 785,476 shares during the period. Ceredex Value Advisors LLC bought a new stake in Realty Income in the third quarter worth about $38,192,000. International Assets Investment Management LLC increased its stake in shares of Realty Income by 10,591.3% in the fourth quarter. International Assets Investment Management LLC now owns 622,661 shares of the real estate investment trust’s stock worth $35,753,000 after purchasing an additional 616,837 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Realty Income by 56.1% in the third quarter. UBS Group AG now owns 1,415,849 shares of the real estate investment trust’s stock worth $70,707,000 after purchasing an additional 508,933 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Down 1.4 %

NYSE O traded down $0.77 during trading on Tuesday, hitting $53.54. The company had a trading volume of 8,568,562 shares, compared to its average volume of 6,842,180. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The company has a market cap of $46.11 billion, a price-to-earnings ratio of 42.84, a price-to-earnings-growth ratio of 5.57 and a beta of 0.92. The company’s fifty day moving average is $52.69 and its 200-day moving average is $53.55.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $1.00 earnings per share. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. On average, sell-side analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income 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.