Blue Trust Inc. Lowers Holdings in Realty Income Co. (NYSE:O)

Blue Trust Inc. decreased its position in Realty Income Co. (NYSE:O) by 24.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,185 shares of the real estate investment trust’s stock after selling 6,237 shares during the period. Blue Trust Inc.’s holdings in Realty Income were worth $1,025,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Realty Income by 765.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock worth $478,556,000 after buying an additional 6,673,617 shares during the period. Raymond James & Associates increased its position in shares of Realty Income by 92.4% during the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after purchasing an additional 3,112,560 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Realty Income by 3,150.5% during the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock worth $175,142,000 after purchasing an additional 2,675,266 shares in the last quarter. Parnassus Investments LLC increased its position in shares of Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after purchasing an additional 1,676,293 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock worth $137,502,000 after purchasing an additional 1,107,493 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Realty Income stock opened at $54.99 on Wednesday. The stock has a market cap of $48.12 billion, a P/E ratio of 52.37, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. The company has a fifty day simple moving average of $54.66 and a 200-day simple moving average of $58.47. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm posted $1.02 earnings per share. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. Equities analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays started coverage on Realty Income in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price on the stock. Scotiabank cut their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.04.

Realty Income Company 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.