Cetera Investment Advisers Lowers Position in Realty Income Co. (NYSE:O)

Cetera Investment Advisers reduced its position in shares of Realty Income Co. (NYSE:O - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 964,890 shares of the real estate investment trust's stock after selling 21,739 shares during the period. Cetera Investment Advisers owned 0.11% of Realty Income worth $51,535,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of O. Raymond James Financial Inc. bought a new stake in Realty Income during the 4th quarter valued at approximately $553,572,000. Trust Co. of Vermont lifted its position in Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock valued at $13,540,000 after buying an additional 28,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after buying an additional 166,178 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after buying an additional 101,184 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after acquiring an additional 74,185 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

O has been the topic of a number of recent research reports. Royal Bank of Canada cut their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday. Stifel Nicolaus raised their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday. Mizuho upped their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Finally, Scotiabank cut their price objective on shares of 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. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $61.77.

Realty Income Stock Performance

NYSE:O traded up $0.50 during trading hours on Friday, reaching $56.75. The company had a trading volume of 3,633,607 shares, compared to its average volume of 5,181,400. The firm's 50 day moving average price is $56.57 and its 200-day moving average price is $56.04. The firm has a market cap of $50.61 billion, a price-to-earnings ratio of 54.05, a PEG ratio of 2.10 and a beta of 0.78. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. On average, analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's payout ratio is 292.73%.

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.