Invesco Ltd. Reduces Position in Realty Income Co. (NYSE:O)

Invesco Ltd. cut its stake in Realty Income Co. (NYSE:O - Free Report) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,373,949 shares of the real estate investment trust's stock after selling 337,348 shares during the quarter. Invesco Ltd. owned about 1.30% of Realty Income worth $607,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of O. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income in the 4th quarter valued at approximately $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income during the fourth quarter valued at $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income during the 4th quarter valued at $32,000. Millstone Evans Group LLC purchased a new stake in shares of Realty Income in the 4th quarter worth about $34,000. Finally, BankPlus Trust Department bought a new position in shares of Realty Income in the 4th quarter worth about $37,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

O stock traded up $0.72 on Friday, hitting $54.87. The company had a trading volume of 2,502,767 shares, compared to its average volume of 5,284,701. 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 Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a market cap of $48.93 billion, a price-to-earnings ratio of 52.18, a P/E/G ratio of 2.10 and a beta of 0.79. The stock's 50-day simple moving average is $55.85 and its 200 day simple moving average is $56.76.

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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 earnings per share (EPS) 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 firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. As a group, equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's dividend payout ratio is currently 328.57%.

Analyst Upgrades and Downgrades

Several research firms recently commented on O. Royal Bank of Canada dropped their price objective on shares of 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 dropped their price target on 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. Stifel Nicolaus reduced their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Mizuho boosted their target price on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $62.42.

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.