Realty Income Co. (NYSE:O) Stock Holdings Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its holdings in Realty Income Co. (NYSE:O - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,231,942 shares of the real estate investment trust's stock after purchasing an additional 58,991 shares during the quarter. Ameriprise Financial Inc. owned 0.26% of Realty Income worth $118,485,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of O. Vanguard Group Inc. boosted its stake in Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after purchasing an additional 555,908 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after buying an additional 658,240 shares during the period. Northern Trust Corp boosted its stake in Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after buying an additional 3,834,403 shares in the last quarter. Norges Bank acquired a new position in Realty Income during the fourth quarter worth about $624,666,000. Finally, Raymond James Financial Inc. acquired a new stake in Realty Income in the 4th quarter valued at about $553,572,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of O opened at $56.75 on Thursday. 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 quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $50.60 billion, a PE ratio of 54.04, a PEG ratio of 2.10 and a beta of 0.78. The company's 50 day moving average price is $56.59 and its 200 day moving average price is $56.09.

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

Realty Income Dividend Announcement

The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.2685 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. Realty Income's dividend payout ratio is currently 292.73%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped 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. Royal Bank of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Finally, BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Realty Income has an average rating of "Hold" and a consensus target price of $61.77.

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.

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