Hilltop Holdings Inc. cut its position in shares of Realty Income Corporation (NYSE:O – Free Report) by 38.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 17,917 shares of the real estate investment trust’s stock after selling 11,245 shares during the quarter. Hilltop Holdings Inc.’s holdings in Realty Income were worth $1,096,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Realty Income in the fourth quarter valued at $558,775,000. Morgan Stanley grew its holdings in Realty Income by 21.6% during the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after acquiring an additional 3,252,091 shares during the period. Deutsche Bank AG raised its position in Realty Income by 45.1% in the fourth quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock worth $281,792,000 after acquiring an additional 1,554,726 shares in the last quarter. State Street Corp raised its position in Realty Income by 2.1% in the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after acquiring an additional 1,295,936 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Realty Income by 8.3% in the 4th quarter. Legal & General Group Plc now owns 10,699,509 shares of the real estate investment trust’s stock valued at $603,131,000 after acquiring an additional 823,489 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.
Realty Income Trading Up 1.3%
Shares of NYSE O opened at $65.59 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93. The business has a 50-day moving average price of $62.45 and a two-hundred day moving average price of $62.70. The firm has a market capitalization of $61.16 billion, a PE ratio of 53.76, a PEG ratio of 5.12 and a beta of 0.72.
Realty Income Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.271 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. Realty Income’s dividend payout ratio (DPR) is 266.39%.
Trending Headlines about Realty Income
Here are the key news stories impacting Realty Income this week:
- Positive Sentiment: Analysts and market commentary continue to frame Realty Income as a reliable income stock, citing its long record of monthly dividends and steady payout growth. Realty Income vs SCHD ETF: Better buy for income investors?
- Positive Sentiment: Investor interest is also being supported by a bullish long-term thesis around Realty Income’s expansion into data centers, which could create a new growth engine for dividend increases over time. Realty Income’s Data Center Bet Could Turbocharge Dividend Growth Over the Next Decade
- Neutral Sentiment: Barclays reiterated a Hold rating on Realty Income, suggesting analysts still see the stock as fairly valued rather than an obvious bargain or sell candidate. Barclays Remains a Hold on Realty Income (O)
Analyst Ratings Changes
Several equities analysts have recently weighed in on O shares. Robert W. Baird raised their price objective on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 6th. Royal Bank Of Canada increased their target price on shares of Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Wells Fargo & Company raised their target price on shares of Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Scotiabank decreased their price target on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Finally, Stifel Nicolaus set a $70.75 price target on Realty Income in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.11.
View Our Latest Stock Report on Realty Income
About Realty Income
Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.
Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.
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