Strategic Blueprint LLC Sells 7,214 Shares of Realty Income Co. (NYSE:O)

Strategic Blueprint LLC decreased its holdings in shares of Realty Income Co. (NYSE:O) by 58.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,222 shares of the real estate investment trust’s stock after selling 7,214 shares during the period. Strategic Blueprint LLC’s holdings in Realty Income were worth $300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Compass Wealth Management LLC bought a new position in Realty Income during the fourth quarter valued at about $25,000. Manchester Capital Management LLC increased its holdings in shares of Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 423 shares during the last quarter. Stonebridge Capital Advisors LLC raised its stake in shares of Realty Income by 96.7% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 478 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 235 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 429 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in Realty Income during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

NYSE:O opened at $52.00 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The company has a 50-day moving average of $52.63 and a 200-day moving average of $53.27. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a market capitalization of $44.77 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 5.42 and a beta of 0.92.

Realty Income (NYSE:O) last released 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). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Insider Buying and Selling

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 transaction, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on O. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Mizuho decreased their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. BMO Capital Markets began coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Stifel Nicolaus decreased their target price 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. Finally, StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.96.

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.