Sit Investment Associates Inc. cut its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 59.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,585 shares of the real estate investment trust's stock after selling 104,940 shares during the period. Sit Investment Associates Inc.'s holdings in Realty Income were worth $3,823,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in O. Norges Bank bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $624,666,000. Raymond James Financial Inc. bought a new stake in shares of Realty Income during the 4th quarter valued at $553,572,000. California Public Employees Retirement System grew its position in shares of Realty Income by 26.7% in the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after buying an additional 811,037 shares during the period. Geode Capital Management LLC lifted its position in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after acquiring an additional 658,240 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Realty Income by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock worth $7,436,622,000 after acquiring an additional 555,908 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.
Realty Income Stock Performance
Realty Income stock traded down $0.50 during mid-day trading on Thursday, reaching $53.48. 3,424,550 shares of the stock traded hands, compared to its average volume of 5,287,891. The stock has a market capitalization of $47.69 billion, a PE ratio of 51.21, a price-to-earnings-growth 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. The business's 50-day moving average is $55.86 and its 200-day moving average is $56.82. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.
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 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 business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.
Realty Income Announces Dividend
The business also recently declared 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 yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio is presently 328.57%.
Wall Street Analysts Forecast Growth
O has been the subject of several recent research reports. Scotiabank lowered 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 report on Friday, February 28th. Barclays increased their target price on Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Mizuho lifted their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada decreased their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Eleven investment 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 stock currently has an average rating of "Hold" and an average target price of $62.42.
Read Our Latest Stock Analysis on Realty Income
Realty Income Company Profile
(
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.
Further Reading
Before you consider Realty Income, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Realty Income wasn't on the list.
While Realty Income currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
