Banco Bilbao Vizcaya Argentaria S.A. Trims Stock Holdings in Realty Income Co. (NYSE:O)

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in Realty Income Co. (NYSE:O - Free Report) by 33.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,159 shares of the real estate investment trust's stock after selling 9,770 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Realty Income were worth $1,022,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of O. Lee Danner & Bass Inc. bought a new stake in Realty Income in the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new stake in Realty Income in the 4th quarter valued at about $29,000. Sierra Ocean LLC bought a new stake in Realty Income during the 4th quarter worth approximately $32,000. Millstone Evans Group LLC bought a new stake in Realty Income during the 4th quarter worth approximately $34,000. Finally, BankPlus Trust Department bought a new stake in Realty Income during the 4th quarter worth approximately $37,000. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of NYSE:O traded down $0.38 during trading on Thursday, hitting $57.21. 1,679,484 shares of the company were exchanged, compared to its average volume of 5,218,650. The company has a market cap of $51.02 billion, a PE ratio of 54.47, a P/E/G ratio of 2.10 and a beta of 0.79. The stock has a 50 day moving average of $56.56 and a 200 day moving average of $56.32. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. As a group, equities research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

Analyst Ratings Changes

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

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.