Axa S.A. Acquires 68,042 Shares of Realty Income Co. (NYSE:O)

Axa S.A. raised its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 632,587 shares of the real estate investment trust's stock after purchasing an additional 68,042 shares during the quarter. Axa S.A. owned 0.07% of Realty Income worth $33,786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in O. World Investment Advisors LLC bought a new stake in Realty Income in the third quarter worth $1,411,000. Wilmington Savings Fund Society FSB purchased a new stake in Realty Income in the 3rd quarter worth about $1,032,000. Tidal Investments LLC boosted its position in shares of Realty Income by 39.2% during the third quarter. Tidal Investments LLC now owns 35,097 shares of the real estate investment trust's stock valued at $2,215,000 after buying an additional 9,891 shares during the period. Franklin Resources Inc. raised its holdings in shares of Realty Income by 4.2% in the third quarter. Franklin Resources Inc. now owns 559,263 shares of the real estate investment trust's stock worth $34,736,000 after buying an additional 22,614 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Realty Income by 3.5% in 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 buying an additional 74,185 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

O has been the topic of several research analyst reports. Mizuho upped their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Royal Bank of Canada lowered 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 report on Wednesday, February 26th. Finally, Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $62.35.

Realty Income Stock Down 0.4 %

Shares of NYSE O opened at $56.94 on Friday. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The stock's fifty day simple moving average is $56.58 and its two-hundred day simple moving average is $56.19. The stock has a market capitalization of $50.78 billion, a PE ratio of 54.23, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. 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 - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for 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, analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. Realty Income's dividend payout ratio (DPR) is 328.57%.

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.

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