Price T Rowe Associates Inc. MD Has $230.66 Million Stock Position in Realty Income Co. (NYSE:O)

Price T Rowe Associates Inc. MD increased its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,318,686 shares of the real estate investment trust's stock after acquiring an additional 110,694 shares during the period. Price T Rowe Associates Inc. MD owned 0.49% of Realty Income worth $230,663,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Realty Income in the fourth quarter valued at about $553,572,000. Trust Co. of Vermont grew its holdings in shares of Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after purchasing an additional 28,480 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after purchasing an additional 166,178 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Realty Income by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock valued at $93,850,000 after purchasing an additional 101,184 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock valued at $138,937,000 after buying an additional 74,185 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays reissued an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Finally, Mizuho raised their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus price target of $62.35.

Realty Income Trading Up 0.5 %

Shares of O traded up $0.26 during trading hours on Wednesday, reaching $57.64. The stock had a trading volume of 1,234,084 shares, compared to its average volume of 5,219,304. The firm has a 50-day moving average of $56.55 and a 200 day moving average of $56.31. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $51.40 billion, a P/E ratio of 54.84, a P/E/G ratio of 2.10 and a beta of 0.79. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a yield of 6%. Realty Income's payout ratio is currently 328.57%.

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.