Realty Income Co. (NYSE:O) Shares Bought by National Pension Service

National Pension Service raised its position in shares of Realty Income Co. (NYSE:O) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,175,931 shares of the real estate investment trust’s stock after buying an additional 185,314 shares during the period. National Pension Service’s holdings in Realty Income were worth $116,216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in Realty Income by 1.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 41,570 shares of the real estate investment trust’s stock valued at $2,636,000 after acquiring an additional 677 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Realty Income by 2,938.5% in the third quarter. International Assets Investment Management LLC now owns 301,572 shares of the real estate investment trust’s stock valued at $19,126,000 after purchasing an additional 291,647 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Realty Income by 7.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 149,273 shares of the real estate investment trust’s stock valued at $9,467,000 after purchasing an additional 10,287 shares during the period. abrdn plc grew its holdings in shares of Realty Income by 15.4% in the third quarter. abrdn plc now owns 1,282,800 shares of the real estate investment trust’s stock valued at $81,079,000 after purchasing an additional 171,236 shares in the last quarter. Finally, MONECO Advisors LLC purchased a new stake in Realty Income during the 3rd quarter worth approximately $310,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Down 0.3 %

Shares of Realty Income stock opened at $56.07 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $54.07 and a 200-day simple moving average of $57.98. The stock has a market cap of $49.07 billion, a price-to-earnings ratio of 53.40, a PEG 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.

Realty Income (NYSE:O) last issued 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. On average, equities analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. The ex-dividend date is Monday, March 3rd. This represents a yield of 5.7%. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s payout ratio is currently 305.71%.

Wall Street Analysts Forecast Growth

O has been the subject of several recent research reports. 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 target for the company. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a report on Tuesday. Barclays cut their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Stifel Nicolaus decreased 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. Finally, Royal Bank of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Realty Income currently has an average rating of “Hold” and an average price target of $61.96.

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.