Mercer Global Advisors Inc. ADV cut its holdings in Realty Income Co. (NYSE:O - Free Report) by 24.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,263 shares of the real estate investment trust's stock after selling 37,392 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Realty Income were worth $6,263,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Keel Point LLC boosted its stake in shares of Realty Income by 13.6% during the 4th quarter. Keel Point LLC now owns 3,911 shares of the real estate investment trust's stock worth $209,000 after purchasing an additional 469 shares during the last quarter. Westbourne Investments Inc. purchased a new stake in Realty Income in the 4th quarter worth approximately $272,000. Freestone Grove Partners LP acquired a new position in Realty Income in the 4th quarter valued at $1,691,000. Bison Wealth LLC acquired a new position in Realty Income in the 4th quarter valued at $571,000. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of Realty Income by 32.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 70,895 shares of the real estate investment trust's stock worth $3,786,000 after purchasing an additional 17,237 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.
Realty Income Stock Up 0.1 %
O traded up $0.06 on Wednesday, reaching $56.85. The company's stock had a trading volume of 2,935,881 shares, compared to its average volume of 5,188,087. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1 year low of $50.71 and a 1 year high of $64.88. The business's 50 day moving average is $56.60 and its 200 day moving average is $56.09. The stock has a market cap of $50.69 billion, a price-to-earnings ratio of 54.14, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.
Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. As a group, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.
Realty Income Announces Dividend
The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. This represents a yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio (DPR) is presently 292.73%.
Analysts Set New Price Targets
Several research firms recently weighed in on O. Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday. Stifel Nicolaus boosted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $61.77.
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About Realty Income
(
Free Report)
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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