Nisa Investment Advisors LLC Trims Stock Holdings in Realty Income Corporation $O

Nisa Investment Advisors LLC lowered its stake in shares of Realty Income Corporation (NYSE:O) by 24.5% during the third quarter, Holdings Channel reports. The fund owned 244,186 shares of the real estate investment trust’s stock after selling 79,300 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Realty Income were worth $14,844,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Realty Income by 1.1% during the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock worth $3,556,436,000 after purchasing an additional 676,697 shares during the last quarter. Trust Co. of Vermont boosted its stake in Realty Income by 2.7% in the 2nd quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock worth $15,134,000 after buying an additional 6,885 shares during the last quarter. OLD National Bancorp IN acquired a new stake in Realty Income in the 3rd quarter worth about $3,391,000. Federated Hermes Inc. grew its holdings in Realty Income by 13.1% in the 2nd quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust’s stock valued at $153,763,000 after buying an additional 309,902 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Realty Income by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,813,174 shares of the real estate investment trust’s stock valued at $334,897,000 after acquiring an additional 84,066 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $61.00 price target on shares of Realty Income in a research note on Thursday, December 18th. Mizuho decreased their price target on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Finally, Royal Bank Of Canada lifted their target price on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.23.

Realty Income Price Performance

Realty Income stock opened at $58.16 on Friday. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.08. The firm has a fifty day moving average of $57.09 and a 200-day moving average of $58.02. The firm has a market capitalization of $53.50 billion, a P/E ratio of 53.85, a PEG ratio of 3.75 and a beta of 0.80. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.6%. Realty Income’s dividend payout ratio (DPR) is currently 300.00%.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.