Amundi Boosts Position in Realty Income Corporation $O

Key Points

• Amundi increased its holdings in Realty Income Corporation by 38.8%, now owning 1,530,141 shares valued at $87.6 million.
• Realty Income declared a monthly dividend increase to $0.269, yielding 5.5%, set to be paid on September 15th.
• UBS Group raised their price target on Realty Income from $62 to $66, maintaining a "buy" rating, while three analysts rated the stock as a "buy" overall.

Amundi boosted its position in Realty Income Corporation (NYSE:O - Free Report) by 38.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,530,141 shares of the real estate investment trust's stock after buying an additional 427,455 shares during the period. Amundi owned approximately 0.17% of Realty Income worth $87,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after acquiring an additional 615 shares during the last quarter. Bison Wealth LLC bought a new stake in Realty Income during the 4th quarter worth approximately $571,000. Balyasny Asset Management L.P. raised its stake in shares of Realty Income by 4,438.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 148,669 shares of the real estate investment trust's stock worth $7,940,000 after purchasing an additional 145,393 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in shares of Realty Income in the fourth quarter valued at approximately $390,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Realty Income by 8.9% in the fourth quarter. Captrust Financial Advisors now owns 104,758 shares of the real estate investment trust's stock valued at $5,595,000 after purchasing an additional 8,589 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on O. Scotiabank upped their price target on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. 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 research note on Friday, August 15th. 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, Barclays upped their price objective on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and a consensus price target of $62.00.

Realty Income Stock Performance

Shares of Realty Income stock traded up $0.38 on Tuesday, reaching $59.48. 4,069,632 shares of the company traded hands, compared to its average volume of 5,502,461. The company has a 50 day moving average of $57.75 and a 200 day moving average of $56.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The firm has a market capitalization of $54.38 billion, a PE ratio of 57.75, a PEG ratio of 4.53 and a beta of 0.77.

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

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a $0.269 dividend. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.26. This represents a c) annualized dividend and a dividend yield of 5.4%. Realty Income's dividend payout ratio is 312.62%.

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.