Bard Financial Services Inc. Trims Stake in Realty Income Co. (NYSE:O)

Bard Financial Services Inc. lowered its stake in Realty Income Co. (NYSE:O) by 3.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,365 shares of the real estate investment trust’s stock after selling 2,440 shares during the period. Bard Financial Services Inc.’s holdings in Realty Income were worth $3,734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in O. Lee Danner & Bass Inc. bought a new position in Realty Income in the 4th quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income in the 4th quarter worth $29,000. Sierra Ocean LLC purchased a new stake in Realty Income in the 4th quarter worth $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income in the 4th quarter worth $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Realty Income in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on O shares. JPMorgan Chase & Co. cut their price objective on Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Barclays reiterated an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Finally, Scotiabank lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $61.15.

Realty Income Price Performance

NYSE O opened at $57.32 on Wednesday. The firm’s fifty day simple moving average is $56.13 and its two-hundred day simple moving average is $55.56. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The firm has a market capitalization of $51.76 billion, a P/E ratio of 54.59, a P/E/G ratio of 2.10 and a beta of 0.76.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. Analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.269 per share. Realty Income’s dividend payout ratio is presently 292.73%.

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.