BROOKFIELD Corp ON lessened its holdings in Realty Income Co. (NYSE:O - Free Report) by 72.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,410 shares of the real estate investment trust's stock after selling 161,164 shares during the quarter. BROOKFIELD Corp ON's holdings in Realty Income were worth $3,280,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Realty Income during the 4th quarter valued at about $624,666,000. Raymond James Financial Inc. acquired a new position in Realty Income in the 4th quarter worth approximately $553,572,000. Northern Trust Corp raised its position in Realty Income by 41.2% during the 4th 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 during the last quarter. California Public Employees Retirement System lifted 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 during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of 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.
Wall Street Analysts Forecast Growth
O has been the topic of several analyst reports. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Wedbush restated a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday. Mizuho lifted their target price on shares of 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 boosted their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $61.77.
Get Our Latest Research Report on Realty Income
Realty Income Price Performance
O stock traded up $0.50 during midday trading on Friday, reaching $56.75. The stock had a trading volume of 3,633,607 shares, compared to its average volume of 5,186,712. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company's fifty day simple moving average is $56.55 and its 200 day simple moving average is $55.93. The company has a market cap of $50.61 billion, a price-to-earnings ratio of 54.05, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.
Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. As a group, sell-side analysts predict 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. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. This represents a yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio (DPR) is presently 292.73%.
Realty Income Profile
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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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