Realty Income Co. (NYSE:O) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. reduced its stake in Realty Income Co. (NYSE:O) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 541,887 shares of the real estate investment trust’s stock after selling 31,228 shares during the period. Duff & Phelps Investment Management Co. owned 0.06% of Realty Income worth $28,942,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in O. New Age Alpha Advisors LLC grew its position in shares of Realty Income by 60,780.4% during the fourth quarter. New Age Alpha Advisors LLC now owns 155,245 shares of the real estate investment trust’s stock worth $8,292,000 after acquiring an additional 154,990 shares during the last quarter. Easterly Investment Partners LLC bought a new position in Realty Income in the 4th quarter worth about $7,544,000. Norges Bank bought a new position in Realty Income in the 4th quarter worth about $624,666,000. Blair William & Co. IL increased its stake in shares of Realty Income by 8.8% in the fourth quarter. Blair William & Co. IL now owns 20,268 shares of the real estate investment trust’s stock valued at $1,083,000 after purchasing an additional 1,636 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Realty Income during the fourth quarter worth approximately $73,000. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Barclays increased their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada dropped their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.04.

Realty Income Trading Down 0.7 %

Shares of NYSE:O opened at $56.18 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $50.08 billion, a price-to-earnings ratio of 53.50, a PEG ratio of 2.10 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 50 day moving average price of $55.75 and a 200 day moving average price of $57.36.

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 the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion for 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%. On average, research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is presently 328.57%.

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.