Allspring Global Investments Holdings LLC Sells 72,254 Shares of Realty Income Co. (NYSE:O)

Allspring Global Investments Holdings LLC lowered its holdings in Realty Income Co. (NYSE:O - Free Report) by 64.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,812 shares of the real estate investment trust's stock after selling 72,254 shares during the period. Allspring Global Investments Holdings LLC's holdings in Realty Income were worth $2,286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CVA Family Office LLC bought a new position in Realty Income during the 4th quarter worth approximately $29,000. Manchester Capital Management LLC lifted its holdings in Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust's stock worth $26,000 after buying an additional 423 shares during the last quarter. FinTrust Capital Advisors LLC lifted its holdings in Realty Income by 302.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust's stock worth $29,000 after buying an additional 429 shares during the last quarter. Operose Advisors LLC bought a new position in Realty Income during the 3rd quarter worth approximately $30,000. Finally, Orion Capital Management LLC bought a new position in Realty Income during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm's stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. BMO Capital Markets assumed coverage on Realty Income in a research report on Tuesday, February 13th. They set a "market perform" rating and a $57.00 price target on the stock. Royal Bank of Canada increased their price target on Realty Income from $58.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, January 11th. Mizuho dropped their price target on Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, March 7th. Stifel Nicolaus dropped their price target on Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 21st. Finally, StockNews.com upgraded Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Realty Income presently has a consensus rating of "Hold" and a consensus target price of $60.96.

Realty Income Price Performance

Shares of O traded up $0.30 during trading hours on Monday, hitting $53.34. 4,180,141 shares of the company were exchanged, compared to its average volume of 6,870,618. The company has a market capitalization of $45.93 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. The firm has a fifty day simple moving average of $52.49 and a 200-day simple moving average of $53.40. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business's quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. As a group, sell-side analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

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

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.