Gamco Investors INC. ET AL trimmed its position in shares of Realty Income Co. (NYSE:O - Free Report) by 14.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,100 shares of the real estate investment trust's stock after selling 5,000 shares during the quarter. Gamco Investors INC. ET AL's holdings in Realty Income were worth $1,608,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of O. Norges Bank purchased a new stake in Realty Income during the 4th quarter worth about $624,666,000. Raymond James Financial Inc. purchased a new stake in shares of Realty Income during the fourth quarter worth approximately $553,572,000. California Public Employees Retirement System lifted its stake in Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after acquiring an additional 811,037 shares during the last quarter. Geode Capital Management LLC grew its holdings in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after acquiring an additional 658,240 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Realty Income by 0.4% in the 4th 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 purchasing an additional 555,908 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.
Realty Income Stock Performance
Realty Income stock traded down $0.91 during midday trading on Wednesday, hitting $57.61. 2,074,388 shares of the company's stock were exchanged, compared to its average volume of 5,255,476. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $51.37 billion, a price-to-earnings ratio of 54.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The firm's 50 day simple moving average is $56.34 and its 200 day simple moving average is $56.46.
Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates 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 research analysts predict 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. Stockholders of record on Thursday, May 1st will be paid 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 (DPR) is presently 328.57%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Scotiabank lowered their target price 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. Royal Bank of Canada lowered their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Realty Income currently has an average rating of "Hold" and an average target price of $62.35.
Get Our Latest Research Report on Realty Income
About Realty Income
(
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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