abrdn plc Acquires 45,820 Shares of Realty Income Co. (NYSE:O)

abrdn plc grew its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,177,374 shares of the real estate investment trust's stock after buying an additional 45,820 shares during the quarter. abrdn plc owned about 0.16% of Realty Income worth $67,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Compass Wealth Management LLC acquired a new position in shares of Realty Income in the 4th quarter worth approximately $25,000. Baystate Wealth Management LLC lifted its stake in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 190 shares during the last quarter. CVA Family Office LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $29,000. Manchester Capital Management LLC lifted its stake in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 423 shares during the last quarter. Finally, FinTrust Capital Advisors LLC lifted its stake in Realty Income by 302.1% in the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 429 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

O has been the subject of a number of analyst reports. Mizuho reduced their target price on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, March 7th. Royal Bank of Canada lifted their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, January 11th. Stifel Nicolaus reduced their price objective on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 21st. StockNews.com upgraded shares of Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets began coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $60.96.

Realty Income Stock Performance

O stock traded up $1.01 on Friday, reaching $53.04. 6,611,652 shares of the company were exchanged, compared to its average volume of 5,416,677. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The stock's fifty day moving average price is $52.49 and its 200 day moving average price is $53.40. The firm has a market capitalization of $45.68 billion, a PE ratio of 42.10, a PEG ratio of 5.50 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $1.00 EPS. The company's revenue was up 21.1% compared to the same quarter last year. On average, research analysts anticipate that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income's dividend payout ratio (DPR) is presently 244.45%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares of the company's stock, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company's stock.

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.