APG Asset Management US Inc. Increases Stock Holdings in Realty Income Corporation $O

Key Points

• APG Asset Management US Inc. increased its holdings in Realty Income Corporation by 2.1%, owning a total of 8,281,276 shares valued at approximately $473.3 million.
• Realty Income's latest quarterly earnings revealed an EPS of $1.05, slightly missing analysts' expectations, but the company reported a 5.3% year-over-year revenue increase.
• The company recently announced an increase in its monthly dividend from $0.26 to $0.269 per share, reflecting an annual yield of 5.4%.

APG Asset Management US Inc. increased its holdings in Realty Income Corporation (NYSE:O - Free Report) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,281,276 shares of the real estate investment trust's stock after purchasing an additional 167,864 shares during the period. Realty Income accounts for 3.6% of APG Asset Management US Inc.'s investment portfolio, making the stock its 11th biggest position. APG Asset Management US Inc. owned about 0.92% of Realty Income worth $473,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in O. Keystone Global Partners LLC purchased a new stake in shares of Realty Income in the first quarter valued at $26,000. PSI Advisors LLC increased its stake in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in Realty Income during the fourth quarter worth about $34,000. FSC Wealth Advisors LLC increased its stake in Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 455 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in Realty Income during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

O has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. UBS Group upped their price target on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. JPMorgan Chase & Co. dropped their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Wedbush reaffirmed a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Finally, Scotiabank upped their target price on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.82.

Realty Income Trading Down 0.6%

Shares of O opened at $59.5650 on Friday. The company has a market capitalization of $54.46 billion, a P/E ratio of 57.83, a P/E/G ratio of 4.58 and a beta of 0.76. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a 50-day moving average price of $57.52 and a 200 day moving average price of $56.66.

Realty Income (NYSE:O - Get Free Report) last issued 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). The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 EPS. Sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.269 per share. The ex-dividend date is Tuesday, September 2nd. This is an increase from Realty Income's previous monthly dividend of $0.26. This represents a c) annualized dividend and a yield of 5.4%. Realty Income's payout ratio is currently 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.

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