KBC Group NV Trims Stock Position in Realty Income Co. (NYSE:O)

KBC Group NV cut its position in Realty Income Co. (NYSE:O - Free Report) by 69.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 192,583 shares of the real estate investment trust's stock after selling 431,075 shares during the quarter. KBC Group NV's holdings in Realty Income were worth $10,285,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. ZWJ Investment Counsel Inc. lifted its position in Realty Income by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust's stock worth $1,857,000 after acquiring an additional 164 shares during the period. Whittier Trust Co. lifted its holdings in shares of Realty Income by 4.5% during the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust's stock worth $245,000 after purchasing an additional 166 shares during the period. Greenleaf Trust lifted its holdings in shares of Realty Income by 1.0% during the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust's stock worth $1,072,000 after purchasing an additional 170 shares during the period. Grove Bank & Trust boosted its position 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 valued at $89,000 after buying an additional 176 shares during the last quarter. Finally, Buckley Wealth Management LLC increased its holdings in Realty Income by 1.9% in the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust's stock worth $599,000 after buying an additional 176 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

O has been the topic of several recent research reports. 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. Royal Bank of Canada reiterated an "outperform" rating and set a $62.00 price objective on shares of Realty Income in a research note on Monday. Scotiabank decreased their price objective on Realty Income from $61.00 to $59.00 and set a "sector perform" rating for the company in a report on Thursday, January 16th. Barclays began coverage on Realty Income in a report on Tuesday, December 17th. They set an "equal weight" rating and a $59.00 target price on the stock. Finally, UBS Group decreased their price target on Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $62.04.

Realty Income Price Performance

Shares of O stock traded down $0.04 on Thursday, reaching $54.02. 2,404,276 shares of the company were exchanged, compared to its average volume of 4,674,614. The company has a market cap of $47.28 billion, a price-to-earnings ratio of 51.58, a P/E/G ratio of 1.93 and a beta of 1.00. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The business has a 50-day moving average price of $54.57 and a 200 day moving average price of $58.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). The firm had revenue of $1.33 billion for 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%. Realty Income's revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 EPS. Equities research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income's payout ratio is 301.91%.

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.