Flputnam Investment Management Co. Decreases Stock Holdings in Realty Income Co. (NYSE:O)

Flputnam Investment Management Co. reduced its position in Realty Income Co. (NYSE:O) by 21.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,227 shares of the real estate investment trust’s stock after selling 2,018 shares during the period. Flputnam Investment Management Co.’s holdings in Realty Income were worth $415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its holdings in Realty Income by 100,285.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock worth $547,028,000 after acquiring an additional 8,615,530 shares in the last quarter. Norges Bank acquired a new stake in Realty Income in the 4th quarter worth approximately $316,245,000. Vanguard Group Inc. grew its position in Realty Income by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after purchasing an additional 4,172,231 shares during the last quarter. Scharf Investments LLC acquired a new position in Realty Income during the 3rd quarter valued at approximately $122,526,000. Finally, Morgan Stanley raised its holdings in shares of Realty Income by 13.6% in the fourth quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock worth $1,202,097,000 after buying an additional 2,273,591 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

O has been the topic of several research reports. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BMO Capital Markets assumed coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. Mizuho cut their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Stifel Nicolaus decreased their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada upped their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.96.

Realty Income Stock Up 1.4 %

O opened at $52.02 on Friday. The company has a fifty day moving average of $52.49 and a two-hundred day moving average of $53.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The stock has a market capitalization of $44.80 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 5.32 and a beta of 0.92.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 EPS. On average, research analysts expect that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s payout ratio is presently 244.45%.

Realty Income 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.