PNC Financial Services Group Inc. trimmed its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,711 shares of the real estate investment trust's stock after selling 6,005 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Realty Income were worth $7,035,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Realty Income in the 4th quarter valued at approximately $32,000. BankPlus Trust Department acquired a new position in Realty Income in the 4th quarter valued at approximately $37,000. ST Germain D J Co. Inc. increased its position in Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 567 shares during the period. Luken Investment Analytics LLC acquired a new position in Realty Income in the 4th quarter valued at approximately $40,000. Finally, Independence Bank of Kentucky increased its position in Realty Income by 54.5% in the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 300 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently commented on O shares. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. UBS Group reduced their price objective on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Barclays upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. 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 research note on Tuesday, February 25th. Finally, Mizuho reduced their price objective on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Realty Income presently has a consensus rating of "Hold" and a consensus target price of $62.04.
Get Our Latest Stock Analysis on O
Realty Income Stock Down 0.6 %
Shares of NYSE O opened at $56.39 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The firm's fifty day moving average is $54.97 and its 200 day moving average is $57.77. The company has a market cap of $50.27 billion, a price-to-earnings ratio of 53.70, a PEG ratio of 2.10 and a beta of 1.00.
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 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 expect that Realty Income Co. will post 4.19 earnings per share for the current year.
Realty Income Announces Dividend
The firm also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. Realty Income's dividend payout ratio (DPR) is presently 327.55%.
Realty Income Profile
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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.
Further Reading
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