The Manufacturers Life Insurance Company Sells 55,028 Shares of Realty Income Co. (NYSE:O)

The Manufacturers Life Insurance Company lowered its position in Realty Income Co. (NYSE:O - Free Report) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 566,448 shares of the real estate investment trust's stock after selling 55,028 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of Realty Income worth $30,254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in O. Raymond James Financial Inc. acquired a new stake in shares of Realty Income during the fourth quarter worth $553,572,000. Trust Co. of Vermont lifted its position in Realty Income by 12.7% in 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 buying an additional 28,480 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 worth $40,656,000 after acquiring an additional 166,178 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Realty Income by 6.0% during the 4th 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 buying an additional 101,184 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Realty Income by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after acquiring an additional 74,185 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

Shares of NYSE O traded up $0.26 during trading on Monday, reaching $57.22. The company had a trading volume of 966,502 shares, compared to its average volume of 5,187,933. The business's 50 day moving average price is $56.58 and its 200-day moving average price is $56.14. 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 stock has a market cap of $51.03 billion, a PE ratio of 54.56, a PEG ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last announced 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 net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

Analyst Ratings Changes

Several analysts have recently issued reports on O shares. Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Royal Bank of Canada dropped their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased 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 note on Monday. Ten 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 stock presently has an average rating of "Hold" and a consensus target price of $61.88.

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.