Realty Income Co. (NYSE:O) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC reduced its holdings in Realty Income Co. (NYSE:O) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,095 shares of the real estate investment trust’s stock after selling 502 shares during the quarter. DAVENPORT & Co LLC’s holdings in Realty Income were worth $6,147,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Realty Income by 765.1% in the 3rd 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 valued at $478,556,000 after acquiring 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 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after purchasing an additional 3,112,560 shares during the period. Janus Henderson Group PLC increased its position in shares of Realty Income by 3,150.5% during the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock valued at $175,142,000 after purchasing an additional 2,675,266 shares during the period. Parnassus Investments LLC increased its position in shares of Realty Income by 7.4% during the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after purchasing an additional 1,676,293 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Realty Income by 102.1% during the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock valued at $137,502,000 after purchasing an additional 1,107,493 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

O opened at $54.51 on Tuesday. The stock has a market cap of $47.71 billion, a price-to-earnings ratio of 51.91, a PEG ratio of 1.96 and a beta of 1.00. Realty Income Co. has a 1 year low of $50.65 and a 1 year 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. The stock has a fifty day moving average price of $54.45 and a 200 day moving average price of $58.41.

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

Realty Income Dividend Announcement

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

Analyst Ratings Changes

O has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. UBS Group lowered their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Barclays assumed coverage on Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price objective for the company. Scotiabank reduced their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Finally, Stifel Nicolaus reduced their price objective 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. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.04.

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.