Bank of Montreal Can Has $67.04 Million Stock Position in Realty Income Co. (NYSE:O)

Bank of Montreal Can reduced its stake in Realty Income Co. (NYSE:O - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,255,110 shares of the real estate investment trust's stock after selling 936,852 shares during the quarter. Bank of Montreal Can owned approximately 0.14% of Realty Income worth $67,035,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised 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 buying an additional 555,908 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 valued at $1,253,584,000 after acquiring an additional 658,240 shares in the last quarter. Norges Bank bought a new stake in shares of Realty Income in the 4th quarter worth approximately $624,666,000. Raymond James Financial Inc. acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $553,572,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Realty Income by 2.7% during the fourth 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 buying an additional 260,071 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 2.1 %

NYSE O traded up $1.14 on Monday, reaching $56.36. The company had a trading volume of 1,188,587 shares, compared to its average volume of 5,277,910. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The stock has a market cap of $50.26 billion, a price-to-earnings ratio of 53.68, a PEG ratio of 2.10 and a beta of 0.79. The stock's 50 day moving average is $55.87 and its 200-day moving average is $56.66.

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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 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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Equities 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 declared 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 dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's dividend payout ratio (DPR) is 328.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. 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 report on Friday, February 28th. Royal Bank of Canada lowered their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, Mizuho boosted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $62.42.

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.