Sei Investments Co. Sells 786,167 Shares of Realty Income Co. (NYSE:O)

Sei Investments Co. reduced its holdings in Realty Income Co. (NYSE:O - Free Report) by 24.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,405,870 shares of the real estate investment trust's stock after selling 786,167 shares during the quarter. Sei Investments Co. owned 0.27% of Realty Income worth $128,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of O. Raymond James Financial Inc. bought a new stake in Realty Income during the fourth quarter worth about $553,572,000. Trust Co. of Vermont lifted its position in Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after buying an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after buying an additional 166,178 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock valued at $93,850,000 after acquiring an additional 101,184 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after acquiring an additional 74,185 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

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Analysts Set New Price Targets

O has been the topic of several recent analyst reports. Mizuho cut their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target for the company. Scotiabank decreased 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. Finally, 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 report on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $62.04.

Realty Income Stock Performance

O traded down $0.64 during midday trading on Tuesday, hitting $55.64. 3,684,568 shares of the company traded hands, compared to its average volume of 4,993,201. The company's 50-day moving average is $55.60 and its 200 day moving average is $57.42. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The firm has a market capitalization of $49.60 billion, a PE ratio of 52.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last issued its 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). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, research analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.2685 dividend. This represents a yield of 5.7%. This is a boost from Realty Income's previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

Realty Income 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.