Realty Income Co. (NYSE:O) Shares Sold by Aviva PLC

Aviva PLC cut its position in Realty Income Co. (NYSE:O - Free Report) by 38.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,325 shares of the real estate investment trust's stock after selling 21,031 shares during the period. Aviva PLC's holdings in Realty Income were worth $1,780,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought 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 during the 4th quarter valued at $553,572,000. California Public Employees Retirement System boosted its holdings in Realty Income by 26.7% in the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after buying an additional 811,037 shares during the period. Geode Capital Management LLC increased its stake in Realty Income by 2.9% in the 4th 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 buying an additional 658,240 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Realty Income by 0.4% in the 4th 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. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Up 1.8 %

Realty Income stock traded up $0.97 during mid-day trading on Monday, reaching $56.19. 984,941 shares of the company were exchanged, compared to its average volume of 5,277,119. The business has a fifty day moving average of $55.87 and a 200 day moving average of $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 debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $50.11 billion, a P/E ratio of 53.51, a PEG ratio of 2.10 and a beta of 0.79.

Remove Ads

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 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. Research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal 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 given a dividend of $0.2685 per share. This represents a yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio is presently 328.57%.

Analysts Set New Price Targets

A number of research firms recently commented on O. Barclays boosted their price target on Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Scotiabank cut their price objective on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Royal Bank of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $62.42.

Realty Income Company Profile

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.