Strategy Asset Managers LLC Decreases Position in Realty Income Co. (NYSE:O)

Strategy Asset Managers LLC reduced its stake in shares of Realty Income Co. (NYSE:O) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,934 shares of the real estate investment trust’s stock after selling 555 shares during the quarter. Strategy Asset Managers LLC’s holdings in Realty Income were worth $264,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of 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 valued at $7,436,622,000 after acquiring an additional 555,908 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Realty Income by 1.1% in the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after purchasing an additional 242,786 shares during the last quarter. Norges Bank acquired a new stake in Realty Income during the 4th quarter valued at approximately $624,666,000. Raymond James Financial Inc. purchased a new stake in Realty Income during the 4th quarter worth approximately $553,572,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Realty Income by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust’s stock valued at $533,529,000 after buying an additional 260,071 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

O has been the topic of several recent analyst reports. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a 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. Mizuho reduced their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Scotiabank lowered their price objective on 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, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income Price Performance

Shares of NYSE O opened at $56.61 on Friday. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The firm has a market capitalization of $50.47 billion, a PE ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 1.00. 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 fifty day moving average price is $55.79 and its two-hundred day moving average price is $57.28.

Realty Income (NYSE:O) 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 net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. On average, research analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

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

Realty Income Company 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.