Aew Capital Management L P Sells 10,570 Shares of Realty Income Co. (NYSE:O)

Aew Capital Management L P lowered its position in Realty Income Co. (NYSE:O) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 479,300 shares of the real estate investment trust’s stock after selling 10,570 shares during the quarter. Realty Income makes up about 1.0% of Aew Capital Management L P’s portfolio, making the stock its 27th biggest position. Aew Capital Management L P owned approximately 0.07% of Realty Income worth $27,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Realty Income by 3.9% during 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 period. Daiwa Securities Group Inc. lifted its holdings in Realty Income by 1.3% during 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 period. Northern Trust Corp lifted its holdings in Realty Income by 5.2% during the third quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock worth $457,633,000 after buying an additional 452,046 shares during the period. Legal & General Group Plc lifted its holdings in Realty Income by 0.5% during the third quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock worth $443,588,000 after buying an additional 47,437 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Realty Income by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,153,228 shares of the real estate investment trust’s stock worth $357,228,000 after buying an additional 407,538 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

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

Realty Income Price Performance

Realty Income stock traded down $0.08 during midday trading on Friday, reaching $53.72. The company had a trading volume of 6,857,641 shares, compared to its average volume of 6,824,336. The company has a market capitalization of $46.26 billion, a P/E ratio of 42.64, a P/E/G ratio of 5.57 and a beta of 0.92. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The firm’s fifty day simple moving average is $52.65 and its 200-day simple moving average is $53.48. 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 analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business posted $1.00 earnings per share. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. As a group, equities analysts anticipate that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Announces Dividend

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

Insiders Place Their Bets

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

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.