Banco Santander S.A. Cuts Stock Position in Realty Income Co. (NYSE:O)

Banco Santander S.A. lowered its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 31.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,172 shares of the real estate investment trust's stock after selling 4,615 shares during the quarter. Banco Santander S.A.'s holdings in Realty Income were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of O. Sierra Ocean LLC bought a new position in shares of Realty Income in the fourth quarter worth approximately $32,000. BankPlus Trust Department bought a new position in shares of Realty Income in the fourth quarter worth approximately $37,000. ST Germain D J Co. Inc. lifted its stake in shares of Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock worth $40,000 after buying an additional 567 shares in the last quarter. Luken Investment Analytics LLC bought a new position in Realty Income during the fourth quarter valued at approximately $40,000. Finally, Independence Bank of Kentucky lifted its position in Realty Income by 54.5% during the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Trading Down 3.0 %

Shares of Realty Income stock traded down $1.76 during trading on Tuesday, hitting $56.73. The stock had a trading volume of 7,476,499 shares, compared to its average volume of 5,247,601. The firm's fifty day simple moving average is $54.85 and its 200-day simple moving average is $57.81. The stock has a market cap of $50.58 billion, a PE ratio of 54.03, a PEG ratio of 2.10 and a beta of 1.00. 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 $50.65 and a 12 month high of $64.88.

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Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, sell-side analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.268 per share. This is an increase from Realty Income's previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. This represents a yield of 5.7%. Realty Income's dividend payout ratio (DPR) is 327.55%.

Analyst Ratings Changes

A number of research analysts recently weighed in on O shares. Royal Bank of Canada lowered their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Barclays upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Scotiabank reduced their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $62.04.

Realty Income Profile

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.