M&T Bank Corp Cuts Stock Position in Realty Income Corporation (NYSE:O)

M&T Bank Corp lessened its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,243 shares of the real estate investment trust's stock after selling 9,786 shares during the period. M&T Bank Corp's holdings in Realty Income were worth $6,859,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Realty Income by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after acquiring an additional 555,908 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after purchasing an additional 658,240 shares during the last quarter. Northern Trust Corp raised its stake in shares of Realty Income by 41.2% in 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 purchasing an additional 3,834,403 shares during the last quarter. Norges Bank bought a new position in shares of Realty Income during the fourth quarter valued at $624,666,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Realty Income by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock valued at $230,663,000 after buying an additional 110,694 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Scotiabank boosted their price objective 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. Stifel Nicolaus raised their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. UBS Group decreased their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. lowered their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Stock Performance

Realty Income stock traded up $0.21 during trading on Friday, reaching $57.14. The company had a trading volume of 4,626,855 shares, compared to its average volume of 5,253,840. The firm has a market capitalization of $51.60 billion, a price-to-earnings ratio of 51.95, a price-to-earnings-growth ratio of 3.98 and a beta of 0.75. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The firm's 50-day simple moving average is $56.74 and its 200 day simple moving average is $55.88. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued 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. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The business's quarterly revenue was up 9.5% on a year-over-year basis. Sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.269 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio is currently 293.64%.

Realty Income 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.