Anchor Capital Advisors LLC reduced its position in shares of Realty Income Corporation (NYSE:O – Free Report) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 210,840 shares of the real estate investment trust’s stock after selling 9,273 shares during the period. Anchor Capital Advisors LLC’s holdings in Realty Income were worth $11,885,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in O. ProShare Advisors LLC boosted its stake in shares of Realty Income by 5.3% in the third quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock valued at $186,497,000 after buying an additional 155,677 shares in the last quarter. Vanguard Group Inc. grew its holdings in Realty Income by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after acquiring an additional 684,949 shares during the period. Pensionfund PDN purchased a new position in Realty Income in the fourth quarter worth $7,434,000. NEOS Investment Management LLC raised its position in Realty Income by 73.0% in the third quarter. NEOS Investment Management LLC now owns 169,839 shares of the real estate investment trust’s stock worth $10,279,000 after acquiring an additional 71,646 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Realty Income by 16.8% in the third quarter. Jones Financial Companies Lllp now owns 1,148,585 shares of the real estate investment trust’s stock valued at $69,287,000 after acquiring an additional 164,839 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.
Realty Income Trading Up 0.5%
Shares of O opened at $59.87 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. Realty Income Corporation has a 1-year low of $55.52 and a 1-year high of $67.93. The stock has a market cap of $55.83 billion, a price-to-earnings ratio of 49.08, a price-to-earnings-growth ratio of 4.65 and a beta of 0.72. The firm has a 50 day simple moving average of $62.42 and a 200-day simple moving average of $61.21.
Realty Income Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.2705 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Friday, May 29th. Realty Income’s dividend payout ratio (DPR) is currently 266.39%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Loop Capital set a $69.00 target price on shares of Realty Income in a research report on Monday, March 2nd. Evercore reiterated a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. Morgan Stanley set a $67.00 price objective on shares of Realty Income in a report on Monday, April 27th. Royal Bank Of Canada upped their target price on shares of Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Mizuho dropped their target price on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.46.
Get Our Latest Stock Analysis on O
Realty Income News Roundup
Here are the key news stories impacting Realty Income this week:
- Positive Sentiment: Jefferies upgraded Realty Income to strong-buy and set a $69 price target, signaling confidence in further upside for the REIT. Article: Street Insider
- Positive Sentiment: Multiple articles highlighted Realty Income’s monthly dividend and “set-it-and-forget-it” income profile, reinforcing its appeal to income-focused investors. Article: 2 Stocks to Buy Now for a Lifetime of Passive Income — Starting Immediately
- Positive Sentiment: Coverage framed Realty Income as a strong fit for retirement and tax-advantaged accounts like a Roth IRA, underscoring demand for its steady yield and income reliability. Article: Realty Income in a Roth IRA: The Smartest Way to Own This Monthly Dividend Machine
- Neutral Sentiment: Recent commentary also discussed Realty Income’s valuation after a pullback, suggesting the stock may be balancing steady income appeal against mixed short-term price momentum. Article: Assessing Realty Income (O) Valuation After Recent Share Price Pullback And Mixed Undervaluation Signals
- Neutral Sentiment: Search interest and repeated articles about the stock’s dividend profile reflect ongoing investor attention, but do not add a clear new catalyst on their own. Article: Investors Heavily Search Realty Income Corporation (O): Here is What You Need to Know
Insiders Place Their Bets
In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the transaction, the insider directly owned 67,641 shares in the company, valued at approximately $4,222,151.22. This represents a 9.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.
Realty Income Company Profile
Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.
Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.
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