Barclays PLC Decreases Holdings in Realty Income Co. (NYSE:O)

Barclays PLC lowered its position in Realty Income Co. (NYSE:O - Free Report) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,743,071 shares of the real estate investment trust's stock after selling 136,025 shares during the quarter. Barclays PLC owned 0.20% of Realty Income worth $110,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in O. Lantz Financial LLC acquired a new stake in Realty Income during the 2nd quarter valued at approximately $234,000. Wedmont Private Capital acquired a new stake in Realty Income during the 2nd quarter valued at approximately $218,000. Wealth Enhancement Advisory Services LLC increased its position in Realty Income by 7.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 138,986 shares of the real estate investment trust's stock valued at $7,341,000 after purchasing an additional 9,890 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Realty Income by 19.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 69,419 shares of the real estate investment trust's stock valued at $3,667,000 after purchasing an additional 11,539 shares during the period. Finally, Atticus Wealth Management LLC increased its position in Realty Income by 12.6% during the 2nd quarter. Atticus Wealth Management LLC now owns 4,525 shares of the real estate investment trust's stock valued at $239,000 after purchasing an additional 508 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Down 0.8 %

Shares of O traded down $0.45 during trading hours on Wednesday, reaching $55.33. The stock had a trading volume of 6,621,890 shares, compared to its average volume of 5,580,119. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The firm has a 50-day simple moving average of $59.45 and a 200 day simple moving average of $58.32. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $48.43 billion, a price-to-earnings ratio of 52.65, a P/E/G ratio of 3.95 and a beta of 0.98.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. Realty Income's revenue for the quarter was up 28.1% on a year-over-year basis. Equities research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.264 per share. The ex-dividend date is Thursday, January 2nd. This is a boost from Realty Income's previous jan 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income's dividend payout ratio (DPR) is 300.96%.

Analysts Set New Price Targets

A number of research firms have weighed in on O. Royal Bank of Canada decreased their target price on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus decreased their target price on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Wedbush initiated coverage on Realty Income in a report on Monday, August 19th. They set a "neutral" rating and a $64.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday. They set a "hold" rating and a $62.00 price target on the stock. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.54.

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.