Sigma Planning Corp trimmed its stake in Realty Income Co. (NYSE:O - Free Report) by 67.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,300 shares of the real estate investment trust's stock after selling 34,182 shares during the quarter. Sigma Planning Corp's holdings in Realty Income were worth $936,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Realty Income by 3.9% in the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust's stock valued at $5,537,019,000 after purchasing an additional 4,172,231 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Realty Income by 1.3% in the third quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust's stock valued at $463,007,000 after purchasing an additional 117,313 shares during the period. Northern Trust Corp raised its position in shares of Realty Income by 5.2% in the third quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust's stock valued at $457,633,000 after purchasing an additional 452,046 shares during the period. Legal & General Group Plc raised its position in shares of Realty Income by 0.5% in the third quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust's stock valued at $443,588,000 after purchasing an additional 47,437 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Realty Income by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,153,228 shares of the real estate investment trust's stock valued at $357,228,000 after purchasing an additional 407,538 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
Realty Income Stock Up 0.5 %
Shares of Realty Income stock traded up $0.28 during trading on Wednesday, hitting $53.67. The company's stock had a trading volume of 5,338,178 shares, compared to its average volume of 6,848,489. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The company has a fifty day simple moving average of $52.59 and a two-hundred day simple moving average of $53.45. The company has a market capitalization of $46.22 billion, a PE ratio of 42.60, a P/E/G ratio of 5.53 and a beta of 0.92. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18.
Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (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 the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm's revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. Equities research analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.
Realty Income Announces Dividend
The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid 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 is currently 244.44%.
Analysts Set New Price Targets
A number of research firms recently weighed in on O. BMO Capital Markets began coverage on shares of Realty Income in a report on Tuesday, February 13th. They set a "market perform" rating and a $57.00 target price on the stock. Stifel Nicolaus decreased their price target on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 21st. StockNews.com raised shares of Realty Income from a "sell" rating to a "hold" rating in a report on Thursday, February 8th. Mizuho decreased their price target on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, March 7th. Finally, Royal Bank of Canada increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, January 11th. 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, Realty Income currently has an average rating of "Hold" and a consensus price target of $60.96.
Get Our Latest Stock Report on O
Insider Buying and Selling at Realty Income
In other news, Director A. Larry Chapman sold 5,000 shares of the firm's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction 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 SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.
Realty Income Profile
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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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