APG Asset Management US Inc. cut its position in Realty Income Co. (NYSE:O - Free Report) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,113,412 shares of the real estate investment trust's stock after selling 36,116 shares during the quarter. Realty Income comprises about 3.3% of APG Asset Management US Inc.'s portfolio, making the stock its 10th biggest holding. APG Asset Management US Inc. owned approximately 0.93% of Realty Income worth $433,337,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Norges Bank bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $624,666,000. Raymond James Financial Inc. bought a new position in shares of Realty Income in the fourth quarter worth $553,572,000. California Public Employees Retirement System raised its stake in Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after purchasing an additional 811,037 shares in the last quarter. Geode Capital Management LLC lifted its position in Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after purchasing an additional 658,240 shares during the period. Finally, Vanguard Group Inc. grew its stake in 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 worth $7,436,622,000 after buying an additional 555,908 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.
Realty Income Trading Up 1.8 %
O traded up $0.99 during trading on Friday, reaching $55.14. 6,513,906 shares of the stock traded hands, compared to its average volume of 5,293,727. The stock's 50-day moving average is $55.87 and its 200 day moving average is $56.66. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $49.17 billion, a PE ratio of 52.51, a P/E/G ratio of 2.10 and a beta of 0.79.
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 (EPS) 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 business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.
Realty Income Dividend Announcement
The firm also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a yield of 6%. Realty Income's dividend payout ratio (DPR) is presently 328.57%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Royal Bank of Canada dropped their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Stifel Nicolaus reduced their price objective on 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 increased their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, Barclays upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $62.42.
Read Our Latest Stock Report on Realty Income
About Realty Income
(
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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