Sei Investments Co. Has $128.50 Million Stake in Realty Income Co. (NYSE:O)

Sei Investments Co. trimmed its position in Realty Income Co. (NYSE:O) by 24.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,405,870 shares of the real estate investment trust’s stock after selling 786,167 shares during the quarter. Sei Investments Co. owned 0.27% of Realty Income worth $128,496,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Realty Income in the fourth quarter valued at $553,572,000. Trust Co. of Vermont raised its stake in Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after acquiring an additional 28,480 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock worth $40,656,000 after acquiring an additional 166,178 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock worth $93,850,000 after acquiring an additional 101,184 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after acquiring an additional 74,185 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

Realty Income stock opened at $55.79 on Friday. The business’s 50-day simple moving average is $55.52 and its 200 day simple moving average is $57.50. The stock has a market cap of $49.73 billion, a price-to-earnings ratio of 53.13, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last posted its quarterly earnings results 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 firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current 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. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is presently 328.57%.

Analyst Ratings Changes

O has been the subject of several recent analyst reports. Mizuho dropped their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Barclays increased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.04.

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.