Realty Income Co. (NYSE:O) is Aew Capital Management L P’s 8th Largest Position

Aew Capital Management L P lowered its holdings in Realty Income Co. (NYSE:O) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,603,758 shares of the real estate investment trust’s stock after selling 103,690 shares during the quarter. Realty Income accounts for about 4.1% of Aew Capital Management L P’s investment portfolio, making the stock its 8th biggest holding. Aew Capital Management L P owned 0.18% of Realty Income worth $85,657,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Sage Investment Counsel LLC purchased a new stake in Realty Income during the fourth quarter valued at $896,000. SVB Wealth LLC purchased a new stake in Realty Income during the fourth quarter valued at $873,000. Parkside Financial Bank & Trust increased its position in Realty Income by 11.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 218 shares during the last quarter. Prosperitas Financial LLC purchased a new stake in Realty Income during the fourth quarter valued at $211,000. Finally, QRG Capital Management Inc. increased its position in Realty Income by 7.2% during the fourth quarter. QRG Capital Management Inc. now owns 48,220 shares of the real estate investment trust’s stock valued at $2,575,000 after acquiring an additional 3,249 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 analysts recently commented on O shares. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Mizuho reduced their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. UBS Group reduced their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.81.

Realty Income Stock Performance

NYSE O opened at $57.03 on Friday. The firm has a market cap of $49.91 billion, a price-to-earnings ratio of 54.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $54.25 and a 200-day moving average price of $57.95. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate 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 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.268 per share. The ex-dividend date is Monday, March 3rd. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is presently 327.55%.

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.