Sterling Capital Management LLC Buys 19,527 Shares of Realty Income Co. (NYSE:O)

Sterling Capital Management LLC raised its stake in Realty Income Co. (NYSE:O - Free Report) by 21.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,557 shares of the real estate investment trust's stock after buying an additional 19,527 shares during the quarter. Sterling Capital Management LLC's holdings in Realty Income were worth $5,958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of O. Tcfg Wealth Management LLC increased its position in shares of Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock worth $357,000 after buying an additional 186 shares during the period. Romano Brothers AND Company lifted its stake in shares of Realty Income by 2.0% in the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock valued at $544,000 after purchasing an additional 200 shares during the period. Bay Rivers Group grew its holdings in shares of Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock valued at $1,103,000 after buying an additional 200 shares during the last quarter. Smith Moore & CO. boosted its position in Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 201 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Realty Income by 11.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock valued at $115,000 after purchasing an additional 218 shares during the period. 70.81% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on O. Barclays boosted 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 report on Tuesday, March 4th. Scotiabank dropped their price objective 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. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Stifel Nicolaus dropped their target price on shares of 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, Royal Bank of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $62.42.

Realty Income Price Performance

O stock traded up $0.45 during mid-day trading on Wednesday, hitting $57.46. 1,867,998 shares of the stock were exchanged, compared to its average volume of 5,272,699. The business has a fifty day moving average price of $55.96 and a 200 day moving average price of $56.62. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a market capitalization of $51.24 billion, a price-to-earnings ratio of 54.72, a PEG ratio of 2.10 and a beta of 0.79. 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 (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. 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%.

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.