Altman Advisors Inc. lessened its stake in Realty Income Co. (NYSE:O - Free Report) by 43.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,316 shares of the real estate investment trust's stock after selling 12,521 shares during the period. Altman Advisors Inc.'s holdings in Realty Income were worth $871,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sagespring Wealth Partners LLC purchased a new position in shares of Realty Income in the fourth quarter valued at approximately $1,253,000. Townsquare Capital LLC boosted its position in Realty Income by 0.6% in the 4th quarter. Townsquare Capital LLC now owns 97,823 shares of the real estate investment trust's stock valued at $5,225,000 after buying an additional 539 shares during the period. Keyes Stange & Wooten Wealth Management LLC acquired a new position in shares of Realty Income in the fourth quarter worth $282,000. Rockefeller Capital Management L.P. increased its position in shares of Realty Income by 0.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 592,860 shares of the real estate investment trust's stock worth $31,665,000 after acquiring an additional 2,625 shares during the period. Finally, Sterling Capital Management LLC increased its position in shares of Realty Income by 21.2% during the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock worth $5,958,000 after acquiring an additional 19,527 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.
Realty Income Stock Performance
Shares of NYSE O traded up $0.27 during trading hours on Wednesday, reaching $57.28. The stock had a trading volume of 4,654,884 shares, compared to its average volume of 5,283,406. The firm has a market cap of $51.08 billion, a price-to-earnings ratio of 54.55, a PEG ratio of 2.10 and a beta of 0.79. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm has a 50-day moving average of $55.96 and a 200-day moving average of $56.62. 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 issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. Equities research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.
Realty Income Announces Dividend
The business also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.2685 dividend. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's dividend payout ratio (DPR) is currently 328.57%.
Analyst Ratings Changes
O has been the subject of several analyst reports. Scotiabank lowered their target price on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Stifel Nicolaus cut their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Barclays increased their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Finally, 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 report on Wednesday, February 26th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $62.42.
Read Our Latest Report on O
Realty Income Company Profile
(
Free Report)
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.
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