Nuveen Asset Management LLC Decreases Position in Realty Income Co. (NYSE:O)

Nuveen Asset Management LLC reduced its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,469,649 shares of the real estate investment trust's stock after selling 474,945 shares during the quarter. Nuveen Asset Management LLC owned 0.51% of Realty Income worth $238,724,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sovereign Financial Group Inc. boosted its holdings in Realty Income by 19.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 5,202 shares of the real estate investment trust's stock valued at $278,000 after purchasing an additional 840 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Realty Income in the 4th quarter valued at approximately $1,107,000. Fifth Third Wealth Advisors LLC boosted its stake in shares of Realty Income by 24.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 14,384 shares of the real estate investment trust's stock valued at $768,000 after buying an additional 2,817 shares during the last quarter. BluePath Capital Management LLC grew its position in shares of Realty Income by 25.5% during the fourth quarter. BluePath Capital Management LLC now owns 12,955 shares of the real estate investment trust's stock worth $680,000 after buying an additional 2,633 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. grew its position in shares of Realty Income by 8.8% during the fourth quarter. Foresight Capital Management Advisors Inc. now owns 20,209 shares of the real estate investment trust's stock worth $1,079,000 after buying an additional 1,633 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of O opened at $55.32 on Friday. Realty Income Co. has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $49.96 billion, a price-to-earnings ratio of 52.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The firm has a fifty day moving average of $56.31 and a 200-day moving average of $55.79.

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 for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The company's revenue was up 9.5% on a year-over-year basis. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current 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 is currently 292.73%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. BNP Paribas cut shares of 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 increased their price target 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. UBS Group lowered their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday. Scotiabank increased their target price on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday. Finally, Royal Bank of Canada decreased their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income 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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