Barclays PLC Has $110.54 Million Stake in Realty Income Co. (NYSE:O)

Barclays PLC lessened its position in shares of Realty Income Co. (NYSE:O) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,743,071 shares of the real estate investment trust’s stock after selling 136,025 shares during the period. Barclays PLC’s holdings in Realty Income were worth $110,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position in shares of Realty Income by 0.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,984,125 shares of the real estate investment trust’s stock worth $125,833,000 after buying an additional 7,077 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Realty Income in the third quarter worth about $233,000. MML Investors Services LLC boosted its stake in shares of Realty Income by 1.1% in the 3rd quarter. MML Investors Services LLC now owns 104,997 shares of the real estate investment trust’s stock valued at $6,659,000 after purchasing an additional 1,190 shares in the last quarter. Anson Funds Management LP bought a new stake in shares of Realty Income during the 3rd quarter valued at approximately $507,000. Finally, Zacks Investment Management acquired a new position in Realty Income during the 3rd quarter worth approximately $227,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on O. Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th. UBS Group reduced their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Wedbush started coverage on Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Finally, Scotiabank raised their price objective on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.67.

Realty Income Price Performance

O stock opened at $55.79 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company’s fifty day simple moving average is $59.59 and its 200 day simple moving average is $58.30. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The firm has a market cap of $48.83 billion, a price-to-earnings ratio of 53.13, a PEG ratio of 3.95 and a beta of 0.98.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.02 EPS. On average, analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.264 dividend. Realty Income’s dividend payout ratio is currently 300.96%.

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.