Russell Investments Group Ltd. lessened its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 53.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,400,633 shares of the real estate investment trust's stock after selling 1,628,301 shares during the quarter. Russell Investments Group Ltd. owned about 0.16% of Realty Income worth $74,786,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wedbush Securities Inc. grew its stake in shares of Realty Income by 5.7% in the fourth quarter. Wedbush Securities Inc. now owns 21,806 shares of the real estate investment trust's stock valued at $1,165,000 after buying an additional 1,175 shares in the last quarter. Mizuho Bank Ltd. bought a new stake in Realty Income in the 4th quarter valued at about $51,000. Resona Asset Management Co. Ltd. bought a new position in Realty Income in the 4th quarter worth about $28,826,000. Smith Moore & CO. increased its stake in shares of 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 valued at $237,000 after purchasing an additional 201 shares during the period. Finally, Prudential PLC boosted its position in shares of Realty Income by 59.7% during the fourth quarter. Prudential PLC now owns 22,518 shares of the real estate investment trust's stock worth $1,203,000 after buying an additional 8,415 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
Realty Income Stock Down 0.5 %
NYSE O traded down $0.26 on Wednesday, reaching $52.01. The stock had a trading volume of 3,417,660 shares, compared to its average volume of 5,258,377. The company has a market capitalization of $46.38 billion, a price-to-earnings ratio of 49.37, a P/E/G ratio of 2.10 and a beta of 0.79. 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 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 $55.88 and a 200 day moving average price of $56.89.
Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.
Realty Income Dividend Announcement
The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. Realty Income's dividend payout ratio is currently 328.57%.
Wall Street Analyst Weigh In
O has been the topic of several recent analyst reports. BNP Paribas downgraded 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. Scotiabank decreased 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 research report on Friday, February 28th. Royal Bank of Canada dropped their price target 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. Stifel Nicolaus decreased their price objective 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, Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $62.42.
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About Realty Income
(
Free Report)
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.
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