Voya Investment Management LLC Trims Position in Realty Income Co. (NYSE:O)

Voya Investment Management LLC lowered its holdings in Realty Income Co. (NYSE:O - Free Report) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,631 shares of the real estate investment trust's stock after selling 19,600 shares during the quarter. Voya Investment Management LLC's holdings in Realty Income were worth $13,333,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. World Investment Advisors LLC acquired a new stake in Realty Income in the 3rd quarter valued at approximately $1,411,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Realty Income in the third quarter valued at $1,032,000. Tidal Investments LLC raised its holdings in shares of Realty Income by 39.2% in the 3rd quarter. Tidal Investments LLC now owns 35,097 shares of the real estate investment trust's stock valued at $2,215,000 after buying an additional 9,891 shares during the period. Peapack Gladstone Financial Corp lifted its stake in Realty Income by 0.7% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 71,562 shares of the real estate investment trust's stock worth $4,538,000 after acquiring an additional 518 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Realty Income by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 559,263 shares of the real estate investment trust's stock valued at $34,736,000 after acquiring an additional 22,614 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Royal Bank of Canada decreased their price target 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. Scotiabank cut their price objective on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Finally, Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $62.35.

Realty Income Stock Up 0.6 %

Realty Income stock traded up $0.36 during mid-day trading on Monday, hitting $57.25. The company had a trading volume of 3,785,741 shares, compared to its average volume of 5,245,529. The stock has a market cap of $51.05 billion, a price-to-earnings ratio of 54.52, a PEG ratio of 2.10 and a beta of 0.79. 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 Co. has a 1 year low of $50.71 and a 1 year high of $64.88. The business has a fifty day moving average of $56.53 and a 200 day moving average of $56.31.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.2685 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 6%. 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.