Realty Income Co. (NYSE:O) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC reduced its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 23.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,683 shares of the real estate investment trust's stock after selling 9,652 shares during the quarter. Gateway Investment Advisers LLC's holdings in Realty Income were worth $1,639,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. increased its position in shares of Realty Income by 0.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust's stock worth $1,857,000 after purchasing an additional 164 shares in the last quarter. Whittier Trust Co. increased its position in Realty Income by 4.5% during the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust's stock valued at $245,000 after buying an additional 166 shares in the last quarter. Greenleaf Trust raised its stake in Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust's stock valued at $1,072,000 after buying an additional 170 shares during the last quarter. Grove Bank & Trust boosted its holdings in Realty Income by 14.3% in the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust's stock worth $89,000 after acquiring an additional 176 shares in the last quarter. Finally, Buckley Wealth Management LLC grew its stake in shares of Realty Income by 1.9% during the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust's stock worth $599,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 0.1 %

NYSE:O traded up $0.04 during trading hours on Friday, hitting $54.62. The company had a trading volume of 5,341,328 shares, compared to its average volume of 5,116,269. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a market cap of $47.80 billion, a P/E ratio of 52.02, a P/E/G ratio of 1.85 and a beta of 1.00. The company has a 50-day moving average of $54.92 and a 200 day moving average of $58.32. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share. Sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income's dividend payout ratio (DPR) is 301.91%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company reissued an "equal weight" rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Scotiabank cut their price target on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a report on Thursday. Royal Bank of Canada decreased their price objective on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective on the stock. Finally, UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $62.12.

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.