OLD National Bancorp IN Trims Position in Realty Income Co. (NYSE:O)

OLD National Bancorp IN lessened its position in shares of Realty Income Co. (NYSE:O) by 53.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,826 shares of the real estate investment trust’s stock after selling 5,502 shares during the quarter. OLD National Bancorp IN’s holdings in Realty Income were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of O. 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 in the last quarter. Envestnet Asset Management Inc. increased its position in Realty Income by 69.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,922,207 shares of the real estate investment trust’s stock worth $95,995,000 after buying an additional 785,476 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in Realty Income in the third quarter worth about $38,192,000. International Assets Investment Management LLC increased its position in Realty Income by 10,591.3% in the fourth quarter. International Assets Investment Management LLC now owns 622,661 shares of the real estate investment trust’s stock worth $35,753,000 after buying an additional 616,837 shares in the last quarter. Finally, UBS Group AG increased its position in Realty Income by 56.1% in the third quarter. UBS Group AG now owns 1,415,849 shares of the real estate investment trust’s stock worth $70,707,000 after buying an additional 508,933 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

Realty Income Price Performance

NYSE:O opened at $53.80 on Friday. The firm has a market capitalization of $46.33 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 5.57 and a beta of 0.92. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The business has a 50 day simple moving average of $52.62 and a 200-day simple moving average of $53.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28.

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

Realty Income Dividend Announcement

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

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.