Mariner LLC trimmed its position in Realty Income Co. (NYSE:O - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,513 shares of the real estate investment trust's stock after selling 11,884 shares during the period. Mariner LLC's holdings in Realty Income were worth $10,175,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new stake in Realty Income during the 3rd quarter worth approximately $233,000. World Investment Advisors LLC acquired a new position in shares of Realty Income in the 3rd quarter valued at $1,411,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Realty Income in the 3rd quarter valued at $1,032,000. Tidal Investments LLC raised its stake in Realty Income by 39.2% in the 3rd quarter. Tidal Investments LLC now owns 35,097 shares of the real estate investment trust's stock worth $2,215,000 after acquiring an additional 9,891 shares during the last quarter. Finally, Peapack Gladstone Financial Corp lifted its position in Realty Income by 0.7% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 71,562 shares of the real estate investment trust's stock worth $4,538,000 after acquiring an additional 518 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.
Realty Income Price Performance
O traded up $0.55 during trading on Tuesday, hitting $58.51. The company's stock had a trading volume of 608,046 shares, compared to its average volume of 5,714,385. The firm has a market capitalization of $52.18 billion, a price-to-earnings ratio of 55.75, a P/E/G ratio of 2.10 and a beta of 0.79. Realty Income Co. has a twelve month low of $50.71 and a twelve month high of $64.88. The business's fifty day simple moving average is $56.27 and its 200 day simple moving average is $56.45. 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 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). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities research analysts forecast that Realty Income Co. will post 4.19 EPS 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. Investors of record on Thursday, May 1st will be paid a $0.2685 dividend. This represents a yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio is presently 328.57%.
Wall Street Analyst Weigh In
O has been the subject of several research analyst reports. Scotiabank reduced their price objective 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. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Barclays increased 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 note on Tuesday, March 4th. Royal Bank of Canada lowered their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, 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 note on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $62.42.
Read Our Latest Stock 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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