Amundi Has $57.90 Million Stock Position in Realty Income Co. (NYSE:O)

Amundi lowered its stake in Realty Income Co. (NYSE:O - Free Report) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,102,686 shares of the real estate investment trust's stock after selling 4,510 shares during the period. Amundi owned 0.13% of Realty Income worth $57,902,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $32,000. BankPlus Trust Department acquired a new stake in Realty Income in the fourth quarter valued at approximately $37,000. Luken Investment Analytics LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $40,000. ST Germain D J Co. Inc. boosted its position in Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 567 shares in the last quarter. Finally, Independence Bank of Kentucky raised its stake in shares of Realty Income by 54.5% during the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

Shares of NYSE O opened at $56.73 on Wednesday. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The firm has a fifty day simple moving average of $54.91 and a 200 day simple moving average of $57.78. The company has a market capitalization of $50.58 billion, a PE ratio of 54.03, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

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Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. On average, sell-side analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. This is an increase from Realty Income's previous mar 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. Realty Income's payout ratio is 327.55%.

Analyst Ratings Changes

O has been the subject of several analyst reports. Stifel Nicolaus dropped their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. UBS Group dropped their price target on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a research note on Tuesday, February 25th. Mizuho dropped their price target on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Realty Income presently has an average rating of "Hold" and a consensus target price 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.

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