OVERSEA CHINESE BANKING Corp Ltd Sells 2,593 Shares of Realty Income Co. (NYSE:O)

OVERSEA CHINESE BANKING Corp Ltd decreased its position in shares of Realty Income Co. (NYSE:O) by 15.6% in the fourth quarter, Holdings Channel reports. The fund owned 14,000 shares of the real estate investment trust’s stock after selling 2,593 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Realty Income were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Xponance Inc. raised its holdings in Realty Income by 2.6% in the 4th quarter. Xponance Inc. now owns 132,117 shares of the real estate investment trust’s stock valued at $7,056,000 after acquiring an additional 3,305 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Realty Income in the fourth quarter valued at $613,000. Retirement Planning Co of New England Inc. lifted its position in Realty Income by 9.0% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 15,421 shares of the real estate investment trust’s stock worth $824,000 after purchasing an additional 1,270 shares during the period. Mystic Asset Management Inc. boosted its stake in Realty Income by 11.9% during the fourth quarter. Mystic Asset Management Inc. now owns 29,428 shares of the real estate investment trust’s stock worth $1,572,000 after buying an additional 3,130 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. increased its holdings in Realty Income by 0.7% in the 4th quarter. Edgemoor Investment Advisors Inc. now owns 172,860 shares of the real estate investment trust’s stock valued at $9,232,000 after buying an additional 1,117 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of NYSE:O opened at $56.45 on Thursday. The firm’s 50 day simple moving average is $55.36 and its 200 day simple moving average is $57.59. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a market capitalization of $50.32 billion, a price-to-earnings ratio of 53.76, a P/E/G ratio of 2.10 and a beta of 1.00. 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 announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio is 328.57%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. 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 target on the stock. Barclays increased their target price on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Scotiabank reduced their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.04.

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.