Realty Income Co. (NYSE:O) Shares Bought by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. lifted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,000 shares of the real estate investment trust's stock after purchasing an additional 5,775 shares during the quarter. Inspire Trust Co. N.A.'s holdings in Realty Income were worth $1,495,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of O. Vanguard Group Inc. increased its position in shares of Realty Income by 0.4% during 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 purchasing an additional 555,908 shares during the period. Geode Capital Management LLC boosted its stake in Realty Income by 2.9% during the fourth 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 buying an additional 658,240 shares in the last quarter. Northern Trust Corp grew its holdings in Realty Income by 41.2% during 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 acquiring an additional 3,834,403 shares during the period. Norges Bank bought a new stake in Realty Income in the fourth quarter worth about $624,666,000. Finally, Raymond James Financial Inc. bought a new stake in Realty Income in the fourth quarter worth about $553,572,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of O stock opened at $55.29 on Thursday. The company has a market capitalization of $49.93 billion, a price-to-earnings ratio of 52.65, a P/E/G ratio of 2.10 and a beta of 0.78. Realty Income Co. has a 1-year low of $50.71 and a 1-year 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 stock's fifty day simple moving average is $56.28 and its 200-day simple moving average is $55.69.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. On average, sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.2685 per share. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, June 2nd. Realty Income's dividend payout ratio (DPR) is currently 292.73%.

Analyst Upgrades and Downgrades

O has been the topic of several recent research reports. Mizuho lifted their price objective 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. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Stifel Nicolaus raised their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, UBS Group cut their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $61.15.

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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