Realty Income Co. (NYSE:O) Shares Sold by Adelante Capital Management LLC

Adelante Capital Management LLC decreased its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 79.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,145 shares of the real estate investment trust's stock after selling 228,470 shares during the period. Adelante Capital Management LLC's holdings in Realty Income were worth $3,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Realty Income during the fourth quarter worth approximately $624,666,000. Raymond James Financial Inc. acquired a new stake in Realty Income during the 4th quarter worth $553,572,000. Northern Trust Corp grew its holdings in shares of Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after buying an additional 3,834,403 shares in the last quarter. California Public Employees Retirement System grew its stake in Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after acquiring an additional 811,037 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after acquiring an additional 658,240 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Scotiabank lowered their target price on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Mizuho upped 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. Barclays reiterated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Finally, Royal Bank of Canada cut their price objective 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. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $62.35.

Realty Income Trading Down 0.4 %

NYSE O traded down $0.23 on Friday, reaching $56.94. The stock had a trading volume of 4,290,822 shares, compared to its average volume of 5,219,905. 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 stock has a fifty day moving average price of $56.56 and a two-hundred day moving average price of $56.29. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The firm has a market capitalization of $50.78 billion, a price-to-earnings ratio of 54.23, a P/E/G ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) 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 analysts' expectations of $1.28 billion. As a group, sell-side analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a yield of 6%. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

About Realty Income

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.