USS Investment Management Ltd Cuts Stock Holdings in Realty Income Co. (NYSE:O)

USS Investment Management Ltd cut its stake in Realty Income Co. (NYSE:O - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,513 shares of the real estate investment trust's stock after selling 29,411 shares during the period. USS Investment Management Ltd's holdings in Realty Income were worth $8,844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of O. Tcfg Wealth Management LLC boosted its holdings in Realty Income by 2.9% in the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock valued at $357,000 after purchasing an additional 186 shares in the last quarter. Bay Rivers Group boosted its stake in shares of Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock valued at $1,103,000 after buying an additional 200 shares in the last quarter. Smith Moore & CO. boosted its stake in shares of Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 201 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Realty Income by 11.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after acquiring an additional 218 shares during the period. Finally, Howard Capital Management Inc. raised its position in Realty Income by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock worth $238,000 after acquiring an additional 229 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

O stock opened at $55.29 on Thursday. The stock's 50 day moving average price is $56.28 and its 200 day moving average price is $55.69. The firm 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 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 1 year low of $50.71 and a 1 year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 earnings per share. On average, 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 company also recently declared 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. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income's dividend payout ratio (DPR) is presently 292.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Royal Bank of Canada lowered their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Mizuho upped their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, UBS Group dropped their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $61.15.

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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