Prudential PLC Has $1.20 Million Stock Holdings in Realty Income Co. (NYSE:O)

Prudential PLC raised its position in Realty Income Co. (NYSE:O - Free Report) by 59.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,518 shares of the real estate investment trust's stock after acquiring an additional 8,415 shares during the quarter. Prudential PLC's holdings in Realty Income were worth $1,203,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in O. Norges Bank acquired a new stake in Realty Income in the fourth quarter valued at $624,666,000. Raymond James Financial Inc. acquired a new stake in shares of Realty Income in the 4th quarter valued at about $553,572,000. California Public Employees Retirement System raised its stake 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 valued at $205,628,000 after purchasing an additional 811,037 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after purchasing an additional 658,240 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Realty Income by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after buying an additional 555,908 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

O has been the topic of a number of research reports. Scotiabank dropped their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Royal Bank of Canada cut their target price 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. 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 report on Wednesday, January 8th. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Finally, Mizuho boosted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and an average price target of $62.42.

Realty Income Price Performance

NYSE O traded up $0.47 on Friday, reaching $54.62. 1,781,471 shares of the stock traded hands, compared to its average volume of 5,281,787. The firm's fifty day simple moving average is $55.85 and its 200 day simple moving average is $56.76. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a market cap of $48.70 billion, a price-to-earnings ratio of 52.05, a P/E/G ratio of 2.10 and a beta of 0.79. 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 (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The business 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%. As a group, research analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

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