454,450 Shares in Realty Income Corporation $O Purchased by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has acquired 454,450 shares of Realty Income Corporation, valued at approximately $26,363,000, representing about 0.05% of the company's stock.
• Realty Income recently declared an increase in its monthly dividend, raising it to $0.269, leading to an annualized yield of 5.5% for shareholders.
• Analysts have a consensus rating of "Hold" on Realty Income's stock, with targets ranging from $57 to $68, reflecting mixed sentiment after recent performance.

Caisse DE Depot ET Placement DU Quebec acquired a new position in Realty Income Corporation (NYSE:O - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 454,450 shares of the real estate investment trust's stock, valued at approximately $26,363,000. Caisse DE Depot ET Placement DU Quebec owned about 0.05% of Realty Income as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Keystone Global Partners LLC bought a new stake in shares of Realty Income in the first quarter valued at approximately $26,000. PSI Advisors LLC raised its position in shares of Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares during the period. Fourth Dimension Wealth LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $34,000. FSC Wealth Advisors LLC raised its position in shares of Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares during the period. Finally, Orion Capital Management LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on O shares. Wedbush reissued a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Stifel Nicolaus boosted their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Scotiabank boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Finally, UBS Group upped their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $61.82.

Realty Income Stock Performance

Realty Income stock opened at $58.19 on Wednesday. The firm's 50 day simple moving average is $57.58 and its 200 day simple moving average is $56.77. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $53.20 billion, a PE ratio of 56.49, a price-to-earnings-growth ratio of 4.45 and a beta of 0.76. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, August 6th. 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 firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business's revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. As a group, analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $0.269 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.26. Realty Income's payout ratio is currently 313.59%.

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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