Barclays PLC Sells 576,054 Shares of Realty Income Co. (NYSE:O)

Barclays PLC reduced its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,167,017 shares of the real estate investment trust's stock after selling 576,054 shares during the quarter. Barclays PLC owned 0.13% of Realty Income worth $62,330,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Realty Income during the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Realty Income during the 4th quarter worth about $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC bought a new position in shares of Realty Income during the 4th quarter worth about $34,000. Finally, BankPlus Trust Department bought a new stake in shares of Realty Income in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on O. Stifel Nicolaus lowered 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. Scotiabank reduced their price target 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. Royal Bank of Canada decreased their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Barclays boosted 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 note on Tuesday, March 4th. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.42.

Realty Income Stock Performance

NYSE O traded up $1.01 on Friday, reaching $58.27. The stock had a trading volume of 5,105,969 shares, compared to its average volume of 5,277,238. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $51.96 billion, a P/E ratio of 55.49, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The firm has a fifty day moving average of $56.19 and a two-hundred day moving average of $56.56.

Realty Income (NYSE:O - Get Free Report) last released its quarterly 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 net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's dividend payout ratio is presently 328.57%.

Realty Income 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.