Franklin Resources Inc. Reduces Stock Holdings in Realty Income Co. (NYSE:O)

Franklin Resources Inc. cut its holdings in Realty Income Co. (NYSE:O) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 556,841 shares of the real estate investment trust’s stock after selling 2,422 shares during the period. Franklin Resources Inc.’s holdings in Realty Income were worth $29,741,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in O. Centiva Capital LP purchased a new position in Realty Income during the third quarter worth $406,000. Integrated Wealth Concepts LLC increased its position in Realty Income by 2.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 40,129 shares of the real estate investment trust’s stock worth $2,545,000 after purchasing an additional 923 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in Realty Income by 2.5% in the 3rd quarter. Royal London Asset Management Ltd. now owns 352,925 shares of the real estate investment trust’s stock valued at $22,290,000 after purchasing an additional 8,688 shares during the last quarter. Quantinno Capital Management LP raised its stake in Realty Income by 27.8% in the 3rd quarter. Quantinno Capital Management LP now owns 62,286 shares of the real estate investment trust’s stock valued at $3,950,000 after purchasing an additional 13,553 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Realty Income by 1.7% during the 3rd quarter. Stifel Financial Corp now owns 1,183,181 shares of the real estate investment trust’s stock worth $75,039,000 after purchasing an additional 20,249 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on O shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Finally, Barclays raised their price target on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.42.

Realty Income Stock Down 3.4 %

O opened at $55.11 on Friday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The firm has a 50 day moving average price of $56.03 and a 200 day moving average price of $57.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $49.15 billion, a PE ratio of 52.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is currently 328.57%.

About Realty Income

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.