Realty Income Co. (NYSE:O) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its stake in Realty Income Co. (NYSE:O) by 0.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,933,467 shares of the real estate investment trust’s stock after acquiring an additional 7,640 shares during the period. American Century Companies Inc.’s holdings in Realty Income were worth $210,086,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new position in Realty Income in the 4th quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income in the 4th quarter worth about $29,000. Sierra Ocean LLC acquired a new stake in Realty Income during the 4th quarter worth about $32,000. Millstone Evans Group LLC acquired a new stake in Realty Income during the 4th quarter worth about $34,000. Finally, BankPlus Trust Department acquired a new stake in Realty Income during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 1.2 %

O opened at $55.79 on Friday. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $49.73 billion, a price-to-earnings ratio of 53.13, a P/E/G ratio of 2.10 and a beta of 1.00. The business has a 50 day moving average of $55.52 and a 200-day moving average of $57.50.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a dividend yield of 5.7%. This is a positive change 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 presently 328.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays raised their price objective on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Scotiabank decreased their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.04.

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.