Prudential PLC Buys 14,258 Shares of Realty Income Co. (NYSE:O)

Posted by on May 15th, 2023

Prudential PLC boosted its stake in Realty Income Co. (NYSE:O – Get Rating) by 117.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,447 shares of the real estate investment trust’s stock after acquiring an additional 14,258 shares during the quarter. Prudential PLC’s holdings in Realty Income were worth $1,678,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in O. Oregon Public Employees Retirement Fund lifted its position in Realty Income by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 47,407 shares of the real estate investment trust’s stock worth $3,007,000 after buying an additional 148 shares in the last quarter. Baldwin Brothers LLC MA lifted its position in Realty Income by 15.0% during the 4th quarter. Baldwin Brothers LLC MA now owns 1,150 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 150 shares in the last quarter. Flputnam Investment Management Co. lifted its position in Realty Income by 1.5% during the 4th quarter. Flputnam Investment Management Co. now owns 10,662 shares of the real estate investment trust’s stock worth $676,000 after buying an additional 154 shares in the last quarter. Larson Financial Group LLC lifted its position in Realty Income by 27.1% during the 4th quarter. Larson Financial Group LLC now owns 727 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 155 shares in the last quarter. Finally, RMR Wealth Builders lifted its position in Realty Income by 3.3% during the 3rd quarter. RMR Wealth Builders now owns 5,459 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 174 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of NYSE:O opened at $62.03 on Monday. The company’s 50 day moving average price is $62.11 and its two-hundred day moving average price is $63.84. Realty Income Co. has a 12-month low of $55.50 and a 12-month high of $75.11. The firm has a market cap of $41.76 billion, a PE ratio of 43.68, a PEG ratio of 3.11 and a beta of 0.80. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O – Get Rating) last announced its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). Realty Income had a return on equity of 3.12% and a net margin of 25.72%. The business had revenue of $888.65 million for the quarter, compared to analyst estimates of $840.57 million. During the same quarter in the previous year, the company earned $0.94 EPS. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. Equities research analysts predict that Realty Income Co. will post 4.04 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently declared a apr 23 dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be issued a dividend of $0.255 per share. This represents a dividend yield of 4.9%. The ex-dividend date is Friday, April 28th. Realty Income’s dividend payout ratio (DPR) is presently 215.49%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Realty Income from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd. StockNews.com assumed coverage on shares of Realty Income in a research note on Thursday, March 16th. They set a “sell” rating on the stock. Scotiabank upgraded shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $69.00 price objective on the stock in a research note on Wednesday, April 12th. Stifel Nicolaus boosted their price objective on shares of Realty Income from $71.00 to $71.25 in a research note on Thursday, May 4th. Finally, BNP Paribas began coverage on shares of Realty Income in a research note on Tuesday, January 17th. They issued a “neutral” rating and a $72.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $71.63.

Realty Income Company Profile

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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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