Nuveen Asset Management LLC Sells 474,945 Shares of Realty Income Co. (NYSE:O)

Nuveen Asset Management LLC lessened its holdings in shares of Realty Income Co. (NYSE:O) by 9.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,469,649 shares of the real estate investment trust’s stock after selling 474,945 shares during the period. Nuveen Asset Management LLC’s holdings in Realty Income were worth $238,724,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Tcfg Wealth Management LLC boosted its position in shares of Realty Income by 2.9% in the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 186 shares during the period. Romano Brothers AND Company boosted its stake in Realty Income by 2.0% in the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 200 shares in the last quarter. Bay Rivers Group grew its holdings in shares of Realty Income by 1.0% in the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after purchasing an additional 200 shares during the last quarter. Smith Moore & CO. increased its holdings in shares of Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 201 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 218 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on O. BNP Paribas cut shares of 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. Wedbush restated a “neutral” rating and set a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Mizuho lifted their price objective on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, April 3rd. Stifel Nicolaus lifted their price target on Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus target price of $61.15.

Realty Income Stock Performance

Shares of O stock opened at $55.32 on Friday. Realty Income Co. has a 12 month low of $50.71 and a 12 month high of $64.88. The firm has a market capitalization of $49.96 billion, a PE ratio of 52.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The firm has a fifty day simple moving average of $56.31 and a two-hundred day simple moving average of $55.79. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. Analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a $0.2685 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income’s payout ratio is 292.73%.

Realty Income Company 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.