Banco Santander S.A. Sells 4,615 Shares of Realty Income Co. (NYSE:O)

Banco Santander S.A. reduced its stake in shares of Realty Income Co. (NYSE:O) by 31.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,172 shares of the real estate investment trust’s stock after selling 4,615 shares during the quarter. Banco Santander S.A.’s holdings in Realty Income were worth $543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tcfg Wealth Management LLC boosted its holdings in shares of Realty Income by 2.9% during the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 186 shares during the period. Romano Brothers AND Company lifted its position in Realty Income by 2.0% during the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 200 shares during the last quarter. Bay Rivers Group boosted its holdings in Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock valued at $1,103,000 after acquiring an additional 200 shares during the period. Parkside Financial Bank & Trust grew its position 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 valued at $115,000 after purchasing an additional 218 shares during the last quarter. Finally, Howard Capital Management Inc. increased its stake in shares of Realty Income by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Scotiabank reduced their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Royal Bank of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Mizuho decreased their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Stock Down 0.0 %

Shares of O opened at $58.47 on Tuesday. 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 company has a 50-day moving average price of $54.85 and a two-hundred day moving average price of $57.81. The stock has a market cap of $52.13 billion, a price-to-earnings ratio of 55.69, a P/E/G ratio of 2.10 and a beta of 1.00. 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 earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Equities analysts predict 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. Stockholders of record on Monday, March 3rd will be issued a $0.268 dividend. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. This represents a dividend 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.