Victory Capital Management Inc. Reduces Stock Position in Realty Income Co. (NYSE:O)

Victory Capital Management Inc. trimmed its position in Realty Income Co. (NYSE:O - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 376,833 shares of the real estate investment trust's stock after selling 31,285 shares during the quarter. Victory Capital Management Inc.'s holdings in Realty Income were worth $20,127,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of O. Sierra Ocean LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $32,000. BankPlus Trust Department acquired a new position in shares of Realty Income in the fourth quarter worth about $37,000. Luken Investment Analytics LLC purchased a new stake in shares of Realty Income during the 4th quarter worth about $40,000. ST Germain D J Co. Inc. grew its position in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 567 shares during the period. Finally, Independence Bank of Kentucky increased its stake in shares of Realty Income by 54.5% in the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on O. Scotiabank cut their price objective on 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. Mizuho reduced their price objective on shares of 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 on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $62.04.

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Realty Income Stock Down 3.0 %

Shares of NYSE:O opened at $56.73 on Wednesday. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $54.91 and a two-hundred day moving average of $57.78. The stock has a market cap of $50.58 billion, a P/E ratio of 54.03, a PEG 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 analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. On average, research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.268 dividend. This represents a yield of 5.7%. This is a positive change from Realty Income's previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. Realty Income's dividend payout ratio is presently 327.55%.

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.

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