Aew Capital Management L P Has $85.66 Million Stock Holdings in Realty Income Co. (NYSE:O)

Aew Capital Management L P cut its stake in shares of Realty Income Co. (NYSE:O) by 6.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,603,758 shares of the real estate investment trust’s stock after selling 103,690 shares during the quarter. Realty Income comprises 4.1% of Aew Capital Management L P’s holdings, making the stock its 8th largest position. Aew Capital Management L P’s holdings in Realty Income were worth $85,657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in O. Sage Investment Counsel LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $896,000. SVB Wealth LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $873,000. Parkside Financial Bank & Trust raised its holdings in shares of Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 218 shares during the period. Prosperitas Financial LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $211,000. Finally, QRG Capital Management Inc. raised its holdings in shares of Realty Income by 7.2% in the fourth quarter. QRG Capital Management Inc. now owns 48,220 shares of the real estate investment trust’s stock worth $2,575,000 after buying an additional 3,249 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reduced 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. Stifel Nicolaus reduced their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. UBS Group reduced their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday. Finally, Mizuho reduced their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Realty Income has an average rating of “Hold” and a consensus target price of $61.81.

Realty Income Stock Up 0.8 %

Shares of NYSE O opened at $57.03 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $49.91 billion, a PE ratio of 54.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The stock’s fifty day simple moving average is $54.25 and its two-hundred day simple moving average is $57.95. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income (NYSE:O) last posted 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 analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

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

About Realty Income

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.