Duff & Phelps Investment Management Co. Has $28.94 Million Stock Holdings in Realty Income Co. (NYSE:O)

Duff & Phelps Investment Management Co. decreased its holdings in shares of Realty Income Co. (NYSE:O) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 541,887 shares of the real estate investment trust’s stock after selling 31,228 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Realty Income were worth $28,942,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Lee Danner & Bass Inc. acquired a new position in shares of Realty Income in the fourth quarter worth $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income in the 4th quarter worth about $29,000. Sierra Ocean LLC acquired a new position in Realty Income in the 4th quarter worth about $32,000. Millstone Evans Group LLC purchased a new stake in shares of Realty Income during the 4th quarter worth about $34,000. Finally, BankPlus Trust Department acquired a new stake in shares of Realty Income during the 4th quarter valued at about $37,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Down 0.7 %

Shares of O stock opened at $56.18 on Friday. The stock has a 50 day moving average of $55.75 and a 200-day moving average of $57.36. The firm has a market cap of $50.08 billion, a PE ratio of 53.50, 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. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings results 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 company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

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

Analyst Ratings Changes

O has been the topic of a number of research reports. Scotiabank dropped their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Stifel Nicolaus dropped their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Mizuho lowered their target price 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. Finally, Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $62.04.

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.