Flputnam Investment Management Co. Trims Position in Realty Income Co. (NYSE:O)

Flputnam Investment Management Co. decreased its holdings in Realty Income Co. (NYSE:O) by 21.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,227 shares of the real estate investment trust’s stock after selling 2,018 shares during the quarter. Flputnam Investment Management Co.’s holdings in Realty Income were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Panagora Asset Management Inc. boosted its position in Realty Income by 33.7% during the 1st quarter. Panagora Asset Management Inc. now owns 25,505 shares of the real estate investment trust’s stock valued at $1,767,000 after acquiring an additional 6,433 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Realty Income by 1.9% during the first quarter. Blair William & Co. IL now owns 18,695 shares of the real estate investment trust’s stock valued at $1,296,000 after purchasing an additional 345 shares in the last quarter. Prudential PLC bought a new position in Realty Income in the first quarter worth $592,000. Baird Financial Group Inc. lifted its position in Realty Income by 8.2% during the first quarter. Baird Financial Group Inc. now owns 115,733 shares of the real estate investment trust’s stock valued at $8,020,000 after buying an additional 8,803 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Realty Income by 5.6% during the 1st quarter. NewEdge Advisors LLC now owns 31,334 shares of the real estate investment trust’s stock valued at $2,171,000 after buying an additional 1,671 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

O opened at $52.02 on Friday. The company’s 50-day simple moving average is $52.49 and its two-hundred day simple moving average is $53.32. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The stock has a market capitalization of $44.80 billion, a P/E ratio of 41.29, a P/E/G ratio of 5.32 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 EPS. As a group, analysts predict that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.257 per share. This represents a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Mizuho reduced their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Finally, BMO Capital Markets began coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target for the company. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus target price of $60.96.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

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.