GTS Securities LLC lessened its holdings in Realty Income Co. (NYSE:O - Free Report) by 90.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,305 shares of the real estate investment trust's stock after selling 52,523 shares during the period. GTS Securities LLC's holdings in Realty Income were worth $283,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of O. Fourth Dimension Wealth LLC purchased a new position in Realty Income in the fourth quarter valued at approximately $34,000. Vise Technologies Inc. grew its stake in shares of Realty Income by 8.9% during the 4th quarter. Vise Technologies Inc. now owns 6,191 shares of the real estate investment trust's stock worth $331,000 after acquiring an additional 508 shares during the period. Investmark Advisory Group LLC grew its stake in shares of Realty Income by 22.6% during the 4th quarter. Investmark Advisory Group LLC now owns 8,279 shares of the real estate investment trust's stock worth $442,000 after acquiring an additional 1,524 shares during the period. Inspire Trust Co. N.A. grew its stake in shares of Realty Income by 26.0% during the 4th quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the real estate investment trust's stock worth $1,495,000 after acquiring an additional 5,775 shares during the period. Finally, Orion Capital Management LLC bought a new position in shares of Realty Income during the 4th quarter worth $37,000. 70.81% of the stock is owned by institutional investors.
Realty Income Price Performance
NYSE:O traded up $0.25 during mid-day trading on Friday, reaching $56.61. The stock had a trading volume of 9,965,391 shares, compared to its average volume of 5,195,409. The firm has a 50 day moving average price of $56.21 and a two-hundred day moving average price of $55.60. The stock has a market capitalization of $51.12 billion, a P/E ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 0.78. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.
Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion for 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%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. As a group, analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.
Realty Income Announces Dividend
The business also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $0.2685 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's dividend payout ratio (DPR) is currently 292.73%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Stifel Nicolaus raised their target price on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Royal Bank of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Wedbush restated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $61.15.
Read Our Latest Stock Analysis on Realty Income
About Realty Income
(
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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