Realty Income Co. (NYSE:O) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in shares of Realty Income Co. (NYSE:O - Free Report) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 168,616 shares of the real estate investment trust's stock after selling 14,802 shares during the period. Corient Private Wealth LLC's holdings in Realty Income were worth $8,340,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in O. Geode Capital Management LLC boosted its holdings in Realty Income by 1.1% in the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust's stock valued at $1,445,036,000 after purchasing an additional 242,786 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Realty Income in the fourth quarter valued at $553,572,000. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 260,071 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Realty Income by 765.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock worth $478,556,000 after purchasing an additional 6,673,617 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Realty Income by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 5,847,484 shares of the real estate investment trust's stock valued at $312,314,000 after purchasing an additional 50,670 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Mizuho dropped their price objective on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. 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 research report on Tuesday, February 25th. 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 report on Tuesday, March 4th. Royal Bank of Canada cut 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 report on Wednesday, February 26th. Finally, Scotiabank lowered their price target on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Realty Income currently has a consensus rating of "Hold" and an average target price of $62.04.

Realty Income Trading Up 0.9 %

Shares of NYSE:O traded up $0.52 during midday trading on Monday, reaching $56.32. The company's stock had a trading volume of 4,695,787 shares, compared to its average volume of 4,993,658. The firm has a market cap of $50.21 billion, a price-to-earnings ratio of 53.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The business has a 50 day moving average price of $55.52 and a 200 day moving average price of $57.47. Realty Income Co. has a 1 year low of $50.65 and a 1 year 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.

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 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a yield of 5.7%. This is an increase from Realty Income's previous apr 25 dividend of $0.27. Realty Income's dividend payout ratio (DPR) is currently 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.