Rush Island Management LP Lowers Stake in Realty Income Co. (NYSE:O)

Rush Island Management LP lessened its position in Realty Income Co. (NYSE:O - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,207,870 shares of the real estate investment trust's stock after selling 315,850 shares during the quarter. Realty Income accounts for approximately 11.4% of Rush Island Management LP's portfolio, making the stock its 3rd largest holding. Rush Island Management LP owned about 0.37% of Realty Income worth $171,332,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Realty Income in the fourth quarter worth about $553,572,000. Trust Co. of Vermont increased its holdings in shares of Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after buying an additional 28,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after buying an additional 166,178 shares during the period. Asset Management One Co. Ltd. increased its holdings 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 worth $93,850,000 after buying an additional 101,184 shares during the period. Finally, Employees Retirement System of Texas increased its holdings in shares of Realty Income by 19.0% in the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock worth $26,074,000 after buying an additional 78,000 shares during the period. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Up 1.6%

Realty Income stock traded up $0.90 during trading hours on Friday, hitting $56.30. 6,475,070 shares of the stock traded hands, compared to its average volume of 5,229,641. The firm's 50-day moving average price is $56.31 and its two-hundred day moving average price is $55.73. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $50.85 billion, a PE ratio of 53.62, a PEG ratio of 2.10 and a beta of 0.78. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88.

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

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

O has been the topic of several analyst reports. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Stifel Nicolaus boosted their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Scotiabank boosted their price target on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. UBS Group reduced their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.15.

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.