Geneos Wealth Management Inc. Sells 1,190 Shares of Realty Income Co. (NYSE:O)

Geneos Wealth Management Inc. lessened its holdings in shares of Realty Income Co. (NYSE:O) by 14.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,092 shares of the real estate investment trust’s stock after selling 1,190 shares during the period. Geneos Wealth Management Inc.’s holdings in Realty Income were worth $407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Panagora Asset Management Inc. increased its holdings in shares of Realty Income by 33.7% in the first quarter. Panagora Asset Management Inc. now owns 25,505 shares of the real estate investment trust’s stock valued at $1,767,000 after purchasing an additional 6,433 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Realty Income by 1.9% in the 1st quarter. Blair William & Co. IL now owns 18,695 shares of the real estate investment trust’s stock valued at $1,296,000 after buying an additional 345 shares during the period. Prudential PLC acquired a new position in shares of Realty Income during the first quarter valued at $592,000. Baird Financial Group Inc. boosted its holdings in Realty Income by 8.2% in the first quarter. Baird Financial Group Inc. now owns 115,733 shares of the real estate investment trust’s stock valued at $8,020,000 after acquiring an additional 8,803 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Realty Income by 5.6% in the first quarter. NewEdge Advisors LLC now owns 31,334 shares of the real estate investment trust’s stock worth $2,171,000 after purchasing an additional 1,671 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Realty Income Price Performance

Shares of O opened at $52.02 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 firm has a market capitalization of $44.80 billion, a PE ratio of 41.29, a P/E/G ratio of 5.40 and a beta of 0.92. The stock has a 50 day simple moving average of $52.63 and a 200 day simple moving average of $53.30. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 4.06% and a net margin of 21.39%. The firm’s revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 EPS. Sell-side analysts predict that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.257 dividend. 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 244.45%.

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.