Nomura Asset Management Co. Ltd. increased its position in shares of Realty Income Co. (NYSE:O - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,045,268 shares of the real estate investment trust's stock after purchasing an additional 61,143 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.23% of Realty Income worth $109,238,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Realty Income during the 4th quarter valued at approximately $624,666,000. Raymond James Financial Inc. acquired a new stake in Realty Income during the fourth quarter worth $553,572,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock valued at $478,556,000 after purchasing an additional 6,673,617 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Realty Income by 3,150.5% in the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock valued at $175,142,000 after purchasing an additional 2,675,266 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock worth $7,436,622,000 after purchasing an additional 555,908 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.
Realty Income Trading Up 0.8 %
Realty Income stock traded up $0.45 during midday trading on Friday, reaching $56.61. The stock had a trading volume of 3,502,595 shares, compared to its average volume of 5,134,223. The stock has a market capitalization of $50.47 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. 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's 50-day simple moving average is $55.79 and its 200 day simple moving average is $57.28. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.
Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Analysts expect that Realty Income Co. will post 4.19 EPS for the current year.
Realty Income Increases Dividend
The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a yield of 5.7%. This is a positive change from Realty Income's previous apr 25 dividend of $0.27. Realty Income's payout ratio is currently 328.57%.
Analyst Ratings Changes
O has been the topic of several research analyst reports. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Scotiabank reduced their price target on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. 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 report on Tuesday, March 4th. Stifel Nicolaus cut their target price 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Realty Income has an average rating of "Hold" and an average price target of $62.04.
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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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