Realty Income Co. (NYSE:O) Shares Sold by AIA Group Ltd

AIA Group Ltd trimmed its position in shares of Realty Income Co. (NYSE:O - Free Report) by 56.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,944 shares of the real estate investment trust's stock after selling 20,836 shares during the quarter. AIA Group Ltd's holdings in Realty Income were worth $852,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Realty Income by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after purchasing an additional 555,908 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust's stock worth $1,445,036,000 after purchasing an additional 242,786 shares during the last quarter. Norges Bank purchased a new stake in Realty Income during the fourth quarter valued at about $624,666,000. Raymond James Financial Inc. purchased a new position in shares of Realty Income in the fourth quarter valued at $553,572,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Realty Income by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust's stock worth $533,529,000 after acquiring an additional 260,071 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

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Realty Income Price Performance

NYSE:O traded down $0.02 during trading hours on Wednesday, hitting $57.13. 4,730,794 shares of the stock were exchanged, compared to its average volume of 5,145,984. The company has a market cap of $50.95 billion, a P/E ratio of 54.41, a P/E/G ratio of 2.10 and a beta of 1.00. The firm's fifty day moving average price is $55.90 and its 200 day moving average price is $57.17. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. 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 (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This is a boost from Realty Income's previous apr 25 dividend of $0.27. This represents a yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on O shares. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target on the stock. Barclays upped their price target on Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Scotiabank lowered their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Royal Bank of Canada lowered their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Mizuho reduced their price objective on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $62.04.

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.