Victory Capital Management Inc. Increases Stake in Realty Income Co. (NYSE:O)

Victory Capital Management Inc. grew its position in shares of Realty Income Co. (NYSE:O) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 765,000 shares of the real estate investment trust’s stock after buying an additional 74,641 shares during the quarter. Victory Capital Management Inc. owned 0.11% of Realty Income worth $43,926,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of O. Vanguard Group Inc. raised its position in Realty Income by 3.9% during the 3rd 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. Envestnet Asset Management Inc. grew its stake in shares of Realty Income by 69.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,922,207 shares of the real estate investment trust’s stock worth $95,995,000 after purchasing an additional 785,476 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Realty Income by 10,591.3% in the 4th quarter. International Assets Investment Management LLC now owns 622,661 shares of the real estate investment trust’s stock valued at $35,753,000 after purchasing an additional 616,837 shares in the last quarter. UBS Group AG increased its holdings in shares of Realty Income by 56.1% in the 3rd quarter. UBS Group AG now owns 1,415,849 shares of the real estate investment trust’s stock valued at $70,707,000 after purchasing an additional 508,933 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Realty Income by 5.2% in the 3rd quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock valued at $457,633,000 after purchasing an additional 452,046 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Realty Income Price Performance

Realty Income stock opened at $55.26 on Monday. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The stock has a market capitalization of $47.59 billion, a P/E ratio of 43.86, a P/E/G ratio of 5.73 and a beta of 0.92. The firm’s 50-day moving average is $52.83 and its two-hundred day moving average is $53.65. 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 released its quarterly 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). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business earned $1.00 earnings per share. Realty Income’s revenue for the quarter was up 21.1% on a year-over-year basis. Equities analysts predict that Realty Income Co. will post 4.16 earnings per share for the current 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 paid a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is currently 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.