Lido Advisors LLC Cuts Stock Holdings in Realty Income Co. (NYSE:O)

Lido Advisors LLC lowered its position in Realty Income Co. (NYSE:O) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,909 shares of the real estate investment trust’s stock after selling 1,761 shares during the period. Lido Advisors LLC’s holdings in Realty Income were worth $2,078,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in O. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income in the 4th quarter worth about $28,000. Hopwood Financial Services Inc. bought a new stake in Realty Income in the fourth quarter worth about $29,000. Sierra Ocean LLC purchased a new position in Realty Income in the fourth quarter valued at about $32,000. Millstone Evans Group LLC bought a new position in shares of Realty Income during the 4th quarter valued at approximately $34,000. Finally, BankPlus Trust Department purchased a new stake in shares of Realty Income during the 4th quarter worth approximately $37,000. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

Shares of O stock opened at $57.79 on Thursday. The company’s 50-day simple moving average is $56.56 and its two-hundred day simple moving average is $56.32. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88. The company has a market capitalization of $51.54 billion, a P/E ratio of 55.04, a P/E/G ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for 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%. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.2685 per share. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income’s dividend payout ratio is currently 328.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on O shares. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. Barclays reiterated an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Scotiabank reduced their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Royal Bank of Canada lowered 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 note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus target price of $62.35.

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.