Realty Income Co. (NYSE:O) Shares Sold by Leslie Global Wealth LLC

Leslie Global Wealth LLC reduced its stake in Realty Income Co. (NYSE:O - Free Report) by 66.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,242 shares of the real estate investment trust's stock after selling 87,920 shares during the period. Realty Income comprises 1.1% of Leslie Global Wealth LLC's investment portfolio, making the stock its 21st largest position. Leslie Global Wealth LLC's holdings in Realty Income were worth $2,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Realty Income during the fourth quarter valued at about $624,666,000. Raymond James Financial Inc. bought a new position in Realty Income in the fourth quarter worth about $553,572,000. California Public Employees Retirement System raised its position in shares of Realty Income by 26.7% in the 4th 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after purchasing an additional 658,240 shares during the period. Finally, Demars Financial Group LLC purchased a new position in shares of Realty Income in the 4th quarter valued at approximately $30,817,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on O. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Royal Bank of Canada lowered their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a "buy" 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 target price for the company. in a research note on Tuesday, February 25th. Finally, Scotiabank lowered their target price on 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. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $62.35.

Realty Income Trading Up 0.6 %

O stock traded up $0.36 during midday trading on Monday, hitting $57.25. The stock had a trading volume of 3,785,741 shares, compared to its average volume of 5,245,529. The firm has a market cap of $51.05 billion, a PE ratio of 54.52, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The company's 50-day moving average price is $56.53 and its 200 day moving average price is $56.31.

Realty Income (NYSE:O - Get Free Report) last released its 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 firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, equities research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.2685 dividend. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

About Realty Income

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.