Snowden Capital Advisors LLC Has $1.93 Million Position in Realty Income Co. (NYSE:O)

Snowden Capital Advisors LLC trimmed its position in shares of Realty Income Co. (NYSE:O - Free Report) by 56.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,076 shares of the real estate investment trust's stock after selling 47,108 shares during the period. Snowden Capital Advisors LLC's holdings in Realty Income were worth $1,927,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Realty Income in the fourth quarter valued at about $624,666,000. Raymond James Financial Inc. bought a new stake in shares of Realty Income in the fourth quarter valued at about $553,572,000. Northern Trust Corp lifted 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 valued at $701,792,000 after buying an additional 3,834,403 shares during the period. California Public Employees Retirement System lifted its stake in shares of Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after buying an additional 811,037 shares during the period. Finally, Geode Capital Management LLC lifted 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 valued at $1,253,584,000 after buying an additional 658,240 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

Shares of NYSE O traded down $0.92 during mid-day trading on Wednesday, hitting $55.29. 4,523,011 shares of the stock were exchanged, compared to its average volume of 5,220,171. The company has a market cap of $49.93 billion, a P/E ratio of 52.65, a PEG ratio of 2.10 and a beta of 0.78. The stock's fifty day simple moving average is $56.31 and its two-hundred day simple moving average is $55.69. 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 Co. 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 quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company's revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $1.03 earnings per share. As a group, analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued 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 payout ratio is 292.73%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on O. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. UBS Group reduced 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. Mizuho increased their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Wedbush reissued a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.