Gotham Asset Management LLC Decreases Stock Holdings in Realty Income Co. (NYSE:O)

Gotham Asset Management LLC lowered its position in shares of Realty Income Co. (NYSE:O) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,789 shares of the real estate investment trust’s stock after selling 5,986 shares during the period. Gotham Asset Management LLC’s holdings in Realty Income were worth $3,994,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Realty Income in the 4th quarter valued at $624,666,000. Raymond James Financial Inc. purchased a new position in Realty Income during the 4th quarter worth approximately $553,572,000. Northern Trust Corp grew its stake in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock worth $701,792,000 after buying an additional 3,834,403 shares during the last quarter. California Public Employees Retirement System increased its position in Realty Income by 26.7% during the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock worth $205,628,000 after buying an additional 811,037 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after buying an additional 658,240 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on O. Mizuho raised their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research note on Tuesday, February 25th. Barclays restated an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Wedbush reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Finally, Stifel Nicolaus increased their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $61.15.

Realty Income Stock Down 0.8%

Shares of NYSE:O opened at $54.60 on Thursday. The company has a market cap of $49.31 billion, a price-to-earnings ratio of 52.00, a PEG ratio of 2.10 and a beta of 0.78. The firm’s 50-day simple moving average is $56.38 and its 200-day simple moving average is $55.83. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. 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 firm also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a $0.2685 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income’s dividend payout ratio is currently 292.73%.

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.