FMR LLC lessened its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,615,099 shares of the real estate investment trust's stock after selling 1,418,171 shares during the quarter. FMR LLC owned approximately 0.30% of Realty Income worth $139,672,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in O. Tcfg Wealth Management LLC raised its holdings in Realty Income by 2.9% in the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock worth $357,000 after purchasing an additional 186 shares in the last quarter. Romano Brothers AND Company boosted its stake in Realty Income by 2.0% during the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock worth $544,000 after acquiring an additional 200 shares in the last quarter. Bay Rivers Group increased its stake in shares of Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock valued at $1,103,000 after purchasing an additional 200 shares in the last quarter. Smith Moore & CO. boosted its position in shares of Realty Income by 4.8% in the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 201 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Realty Income by 11.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after buying an additional 218 shares during the last quarter. Institutional investors own 70.81% of the company's stock.
Realty Income Stock Performance
O stock traded up $0.07 during midday trading on Wednesday, reaching $57.08. 3,042,683 shares of the company's stock traded hands, compared to its average volume of 5,788,010. The stock's 50-day moving average is $55.96 and its 200 day moving average is $56.62. The stock has a market cap of $50.90 billion, a P/E ratio of 54.36, a PEG ratio of 2.10 and a beta of 0.79. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.
Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion for 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%. As a group, analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.
Realty Income Announces Dividend
The company also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's payout ratio is 328.57%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Royal Bank of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Scotiabank reduced their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Mizuho upped their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Barclays raised their price target on shares of Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus target price of $62.42.
Read Our Latest Research Report on Realty Income
Realty Income Profile
(
Free Report)
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.
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