Vanguard Group Inc. lifted its stake in Realty Income Co. (NYSE:O - Free Report) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,236,506 shares of the real estate investment trust's stock after acquiring an additional 555,908 shares during the period. Vanguard Group Inc. owned approximately 15.91% of Realty Income worth $7,436,622,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in O. Lee Danner & Bass Inc. purchased a new stake in Realty Income in the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income in the fourth quarter worth $29,000. Sierra Ocean LLC purchased a new stake in shares of Realty Income in the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new stake in Realty Income during the fourth quarter valued at $34,000. Finally, BankPlus Trust Department purchased a new position in Realty Income during the fourth quarter worth about $37,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on O. Mizuho dropped their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Stifel Nicolaus dropped 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, Scotiabank cut 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. 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, the company has an average rating of "Hold" and an average target price of $62.04.
Check Out Our Latest Report on Realty Income
Realty Income Trading Down 1.1 %
Realty Income stock traded down $0.64 during trading hours on Tuesday, reaching $55.64. The company had a trading volume of 6,716,384 shares, compared to its average volume of 4,986,044. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a 50-day moving average price of $55.60 and a 200 day moving average price of $57.42. The firm has a market cap of $49.60 billion, a price-to-earnings ratio of 52.99, a P/E/G ratio of 2.10 and a beta of 1.00.
Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm 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%. Equities analysts forecast that Realty Income Co. will post 4.19 earnings per share 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. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This is a positive change from Realty Income's previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income's dividend payout ratio is currently 328.57%.
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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