UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Holdings in Realty Income Co. (NYSE:O)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,455,956 shares of the real estate investment trust's stock after selling 89,859 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.85% of Realty Income worth $398,223,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income during the 4th quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $34,000. Finally, BankPlus Trust Department bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $37,000. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Mizuho boosted 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. Stifel Nicolaus lifted their price target 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. 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. JPMorgan Chase & Co. dropped their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Finally, Royal Bank of Canada lowered their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Stock Down 0.1%

O opened at $56.20 on Wednesday. Realty Income Co. has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $56.31 and a 200 day moving average price of $55.69. The company has a market cap of $50.75 billion, a PE ratio of 53.52, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results 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. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company's revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.2685 dividend. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's payout ratio is 292.73%.

About Realty Income

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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