Federated Hermes Inc. Lowers Position in Realty Income Co. (NYSE:O)

Federated Hermes Inc. trimmed its holdings in shares of Realty Income Co. (NYSE:O) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 997,375 shares of the real estate investment trust’s stock after selling 102,935 shares during the quarter. Federated Hermes Inc. owned 0.14% of Realty Income worth $57,269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Realty Income by 3.9% in the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after buying an additional 4,172,231 shares during the last quarter. Morgan Stanley increased its position in Realty Income by 13.6% in the fourth quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock worth $1,202,097,000 after buying an additional 2,273,591 shares during the last quarter. Geode Capital Management LLC increased its position in Realty Income by 0.6% in the first quarter. Geode Capital Management LLC now owns 14,441,280 shares of the real estate investment trust’s stock worth $912,560,000 after buying an additional 86,340 shares during the last quarter. JPMorgan Chase & Co. increased its position in Realty Income by 7.8% in the first quarter. JPMorgan Chase & Co. now owns 11,447,342 shares of the real estate investment trust’s stock worth $724,847,000 after buying an additional 829,227 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Realty Income by 1.3% in the third quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust’s stock worth $463,007,000 after buying an additional 117,313 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’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 sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Realty Income Price Performance

NYSE:O opened at $53.04 on Friday. The firm has a market capitalization of $45.68 billion, a price-to-earnings ratio of 42.10, a P/E/G ratio of 5.40 and a beta of 0.92. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The stock has a fifty day moving average of $52.49 and a 200 day moving average of $53.35. 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 posted its quarterly earnings data 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 business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. Realty Income’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. On average, research analysts expect that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on O. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BMO Capital Markets started coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Mizuho cut their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Stifel Nicolaus cut their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Finally, Royal Bank of Canada raised their price target on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.96.

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.