Realty Income Co. (NYSE:O) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC increased its position in Realty Income Co. (NYSE:O) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,557 shares of the real estate investment trust’s stock after buying an additional 19,527 shares during the period. Sterling Capital Management LLC’s holdings in Realty Income were worth $5,958,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of O. Lee Danner & Bass Inc. acquired a new position in shares of Realty Income during the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new stake in Realty Income in the fourth quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new position in Realty Income during the fourth quarter worth approximately $32,000. Millstone Evans Group LLC purchased a new position in Realty Income during the fourth quarter worth approximately $34,000. Finally, BankPlus Trust Department purchased a new stake in shares of Realty Income during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 1.8 %

O opened at $55.14 on Friday. The firm has a market capitalization of $49.17 billion, a P/E ratio of 52.51, a P/E/G ratio of 2.10 and a beta of 0.79. The firm’s 50 day moving average is $55.87 and its 200-day moving average is $56.70. 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 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income (NYSE:O) last released 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 firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.2685 dividend. This represents a yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income’s dividend payout ratio is currently 328.57%.

Analyst Ratings Changes

A number of research analysts recently weighed in on O shares. Barclays lifted their target price on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Scotiabank reduced their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price objective 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. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.42.

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.