Duff & Phelps Investment Management Co. Has $156.06 Million Stake in Realty Income Co. (NYSE:O)

Duff & Phelps Investment Management Co. boosted its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,717,808 shares of the real estate investment trust's stock after acquiring an additional 305,600 shares during the quarter. Realty Income accounts for 1.9% of Duff & Phelps Investment Management Co.'s portfolio, making the stock its 10th biggest holding. Duff & Phelps Investment Management Co. owned about 0.38% of Realty Income worth $156,057,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Realty Income by 3.9% during the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust's stock worth $5,537,019,000 after acquiring an additional 4,172,231 shares during the period. Daiwa Securities Group Inc. increased its holdings in Realty Income by 1.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust's stock worth $463,007,000 after purchasing an additional 117,313 shares during the period. Northern Trust Corp raised its position in Realty Income by 5.2% during the 3rd 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 in the last quarter. Legal & General Group Plc lifted its holdings in shares of Realty Income by 0.5% in the 3rd quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust's stock worth $443,588,000 after buying an additional 47,437 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Realty Income by 6.0% during 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 buying an additional 407,538 shares during the period. Institutional investors own 70.81% of the company's stock.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on 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 filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Realty Income Stock Performance

Shares of O traded down $0.77 during trading hours on Tuesday, hitting $53.54. The stock had a trading volume of 8,564,477 shares, compared to its average volume of 6,842,174. The firm has a market capitalization of $46.11 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 5.57 and a beta of 0.92. 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 firm has a 50-day moving average price of $52.69 and a 200 day moving average price of $53.55. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two 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 analysts' consensus estimates of $1.02 by ($0.72). The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 EPS. As a group, research analysts anticipate that Realty Income Co. will post 4.16 EPS 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 (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.