American Century Companies Inc. Has $198.99 Million Position in Realty Income Corporation (NYSE:O)

Key Points

• American Century Companies Inc. reduced its stake in Realty Income Corporation by 12.8% during Q1, owning 3,430,181 shares worth approximately $199 million at the end of the reporting period.
• Realty Income announced a dividend increase to $0.269 per share with a yield of 5.5%, which will be distributed on September 15th.
• Analysts have mixed views on Realty Income, with eight maintaining a "hold" rating and four issuing "buy" ratings, while the stock has a consensus price target of $61.73.

American Century Companies Inc. lessened its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 12.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,430,181 shares of the real estate investment trust's stock after selling 503,286 shares during the period. American Century Companies Inc. owned 0.38% of Realty Income worth $198,985,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of O. PSI Advisors LLC raised its holdings in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after buying an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in Realty Income during the fourth quarter worth $34,000. FSC Wealth Advisors LLC raised its holdings in Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after buying an additional 455 shares during the last quarter. Orion Capital Management LLC acquired a new position in Realty Income during the fourth quarter worth $37,000. Finally, CVA Family Office LLC raised its holdings in Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock worth $46,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

O opened at $58.40 on Friday. The company has a market capitalization of $53.40 billion, a price-to-earnings ratio of 56.70, a PEG ratio of 4.42 and a beta of 0.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $57.39 and a 200-day moving average price of $56.53. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%. Realty Income's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. Equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $0.269 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. Realty Income's dividend payout ratio (DPR) is 312.62%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on O. Wedbush reiterated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Barclays reiterated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Scotiabank increased their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, UBS Group increased their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $61.73.

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.

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