Price T Rowe Associates Inc. MD Has $230.66 Million Stock Holdings in Realty Income Co. (NYSE:O)

Price T Rowe Associates Inc. MD increased its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,318,686 shares of the real estate investment trust's stock after acquiring an additional 110,694 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.49% of Realty Income worth $230,663,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of O. ClearAlpha Technologies LP bought a new position in Realty Income in the 4th quarter valued at about $294,000. Beacon Investment Advisors LLC increased its stake in Realty Income by 3.3% in the fourth quarter. Beacon Investment Advisors LLC now owns 8,236 shares of the real estate investment trust's stock valued at $440,000 after acquiring an additional 261 shares during the last quarter. IHT Wealth Management LLC raised its position in Realty Income by 11.5% during the fourth quarter. IHT Wealth Management LLC now owns 35,883 shares of the real estate investment trust's stock valued at $1,917,000 after purchasing an additional 3,711 shares in the last quarter. Transce3nd LLC bought a new stake in Realty Income during the fourth quarter worth $124,000. Finally, Trajan Wealth LLC boosted its holdings in shares of Realty Income by 7.9% in the 4th quarter. Trajan Wealth LLC now owns 4,103 shares of the real estate investment trust's stock valued at $219,000 after purchasing an additional 299 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Trading Up 0.6 %

Shares of NYSE O traded up $0.36 during midday trading on Monday, reaching $57.25. The stock had a trading volume of 3,785,741 shares, compared to its average volume of 5,245,528. Realty Income Co. has a twelve month low of $50.71 and a twelve month high of $64.88. 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 company's 50 day moving average price is $56.50 and its 200 day moving average price is $56.34. The firm has a market cap of $51.05 billion, a price-to-earnings ratio of 54.52, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79.

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 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 firm 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 year.

Realty Income Announces Dividend

The firm also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders 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 (DPR) is presently 328.57%.

Wall Street Analyst Weigh In

O has been the subject of several recent analyst reports. Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Scotiabank cut 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 research report on Friday, February 28th. Barclays reiterated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho raised their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Finally, Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $62.35.

Realty Income Company 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.