Savant Capital LLC Sells 4,620 Shares of Realty Income Co. (NYSE:O)

Savant Capital LLC cut its position in Realty Income Co. (NYSE:O) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,290 shares of the real estate investment trust’s stock after selling 4,620 shares during the period. Savant Capital LLC’s holdings in Realty Income were worth $821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Realty Income by 3.9% in the 3rd 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 during the period. Envestnet Asset Management Inc. boosted its holdings in shares of 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 valued at $95,995,000 after buying an additional 785,476 shares during the period. International Assets Investment Management LLC increased its position in shares of Realty Income by 10,591.3% during 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 acquiring an additional 616,837 shares in the last quarter. UBS Group AG increased its position in shares of Realty Income by 56.1% during 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 acquiring an additional 508,933 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Realty Income by 5.2% during the third quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock worth $457,633,000 after acquiring an additional 452,046 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $55.26 on Friday. The company has a fifty day moving average price of $52.83 and a two-hundred day moving average price of $53.61. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The stock has a market cap of $47.59 billion, a P/E ratio of 43.86, a P/E/G ratio of 5.73 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous 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. As a group, equities analysts predict that Realty Income Co. will post 4.16 EPS 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 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 is currently 244.45%.

Analysts Set New Price Targets

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

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

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.