Realty Income Co. (NYSE:O) Holdings Decreased by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its position in shares of Realty Income Co. (NYSE:O) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,722 shares of the real estate investment trust’s stock after selling 200 shares during the period. King Luther Capital Management Corp’s holdings in Realty Income were worth $306,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of Realty Income during the fourth quarter valued at approximately $32,000. BankPlus Trust Department acquired a new position in Realty Income during the 4th quarter valued at approximately $37,000. ST Germain D J Co. Inc. grew its stake in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in Realty Income in the fourth quarter worth $40,000. Finally, United Community Bank bought a new stake in Realty Income in the fourth quarter valued at $43,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of O opened at $55.86 on Friday. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a market capitalization of $49.80 billion, a P/E ratio of 53.20, a P/E/G ratio of 2.10 and a beta of 1.00. The firm’s 50 day moving average is $55.04 and its 200-day moving average is $57.76. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced 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%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income’s dividend payout ratio is currently 327.55%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Scotiabank lowered their price target on shares of 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. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada lowered 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, February 26th. Finally, UBS Group reduced their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.