Van Lanschot Kempen Investment Management N.V. Sells 13,784 Shares of Realty Income Co. (NYSE:O)

Van Lanschot Kempen Investment Management N.V. decreased its holdings in Realty Income Co. (NYSE:O) by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,309 shares of the real estate investment trust’s stock after selling 13,784 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Realty Income were worth $1,726,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Lee Danner & Bass Inc. bought a new position in Realty Income in the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income in the fourth quarter worth approximately $29,000. Sierra Ocean LLC purchased a new stake in Realty Income during the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC purchased a new position in shares of Realty Income during the 4th quarter worth $34,000. Finally, BankPlus Trust Department bought a new stake in shares of Realty Income during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.5 %

Shares of NYSE:O opened at $58.02 on Tuesday. The company has a 50-day moving average price of $56.27 and a 200 day moving average price of $56.45. 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 Co. has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a market cap of $51.74 billion, a price-to-earnings ratio of 55.26, a PEG ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio is presently 328.57%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on O. Barclays lifted their price objective on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Scotiabank reduced their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus lowered their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, Mizuho upped their price objective on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.42.

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.