Realty Income Co. (NYSE:O) Holdings Increased by Prudential PLC

Prudential PLC increased its stake in Realty Income Co. (NYSE:OFree Report) by 37.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,589 shares of the real estate investment trust’s stock after acquiring an additional 8,077 shares during the period. Prudential PLC’s holdings in Realty Income were worth $1,699,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. American National Bank acquired a new position in Realty Income in the fourth quarter worth approximately $25,000. Baystate Wealth Management LLC boosted its stake in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Realty Income in the 4th quarter worth $29,000. Manchester Capital Management LLC raised its position in shares of Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares during the period. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Realty Income during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the topic of several recent analyst reports. Stifel Nicolaus cut their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Mizuho boosted their price target on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. UBS Group lowered their price objective on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Scotiabank increased their target price on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Finally, BMO Capital Markets started coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.35.

View Our Latest Analysis on Realty Income

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Realty Income Trading Down 1.7 %

Shares of NYSE:O opened at $53.32 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $46.43 billion, a PE ratio of 49.37, a P/E/G ratio of 4.66 and a beta of 0.94. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The firm has a fifty day moving average price of $53.51 and a 200 day moving average price of $54.26.

Realty Income (NYSE:OGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The company’s revenue was up 33.5% on a year-over-year basis. Analysts expect that Realty Income Co. will post 4.18 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a jun 24 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be given a dividend of $0.2625 per share. The ex-dividend date of this dividend is Monday, June 3rd. This is an increase from Realty Income’s previous jun 24 dividend of $0.26. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 291.67%.

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.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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