Centersquare Investment Management LLC Sells 805,636 Shares of Realty Income Co. (NYSE:O)

Centersquare Investment Management LLC trimmed its position in shares of Realty Income Co. (NYSE:O) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,915,283 shares of the real estate investment trust’s stock after selling 805,636 shares during the period. Realty Income makes up 2.2% of Centersquare Investment Management LLC’s portfolio, making the stock its 16th biggest holding. Centersquare Investment Management LLC owned approximately 0.45% of Realty Income worth $209,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Lee Danner & Bass Inc. acquired a new position in Realty Income during the 4th quarter valued at $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income during the 4th quarter worth about $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income during the 4th quarter worth about $32,000. Millstone Evans Group LLC acquired a new position in shares of Realty Income during the fourth quarter valued at about $34,000. Finally, BankPlus Trust Department bought a new stake in shares of Realty Income in the fourth quarter valued at about $37,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Down 0.2 %

Shares of O opened at $57.00 on Friday. The company has a market capitalization of $50.83 billion, a P/E ratio of 54.29, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The business’s 50 day simple moving average is $56.02 and its 200-day simple moving average is $57.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

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

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Scotiabank cut their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Barclays lifted their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Royal Bank of Canada dropped their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus decreased their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.42.

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.