ProShare Advisors LLC Lowers Stock Holdings in Realty Income Co. (NYSE:O)

ProShare Advisors LLC trimmed its stake in Realty Income Co. (NYSE:O - Free Report) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,119,288 shares of the real estate investment trust's stock after selling 115,114 shares during the quarter. ProShare Advisors LLC owned 0.36% of Realty Income worth $166,601,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Salem Investment Counselors Inc. grew its position in Realty Income by 66.3% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,680 shares of the real estate investment trust's stock valued at $90,000 after buying an additional 670 shares during the period. Rosenberg Matthew Hamilton increased its stake in Realty Income by 170.7% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,329 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 838 shares during the last quarter. Sovereign Financial Group Inc. lifted its holdings in shares of Realty Income by 19.3% in the 4th quarter. Sovereign Financial Group Inc. now owns 5,202 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 840 shares during the last quarter. Oak Thistle LLC bought a new position in Realty Income in the 4th quarter valued at $1,107,000. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of Realty Income by 24.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 14,384 shares of the real estate investment trust's stock worth $768,000 after acquiring an additional 2,817 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Up 1.6%

Shares of O traded up $0.90 during midday trading on Friday, reaching $56.30. The stock had a trading volume of 6,475,070 shares, compared to its average volume of 5,225,806. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company's fifty day simple moving average is $56.31 and its two-hundred day simple moving average is $55.76. The company has a market cap of $50.85 billion, a price-to-earnings ratio of 53.62, a PEG ratio of 2.10 and a beta of 0.78. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $1.03 EPS. Realty Income's revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a $0.2685 dividend. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, June 2nd. Realty Income's payout ratio is currently 292.73%.

Analyst Ratings Changes

O has been the topic of several recent research reports. Scotiabank increased their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. UBS Group lowered their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday. Stifel Nicolaus upped their price objective 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. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently 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.