Federation des caisses Desjardins du Quebec Acquires 8,512 Shares of Realty Income Corporation $O

Federation des caisses Desjardins du Quebec increased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 36.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,754 shares of the real estate investment trust's stock after buying an additional 8,512 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Realty Income were worth $1,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nuveen LLC bought a new position in shares of Realty Income in the first quarter worth about $207,573,000. Vanguard Group Inc. increased its position in Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after purchasing an additional 3,274,853 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock valued at $288,375,000 after purchasing an additional 1,055,840 shares during the last quarter. Raymond James Financial Inc. boosted its position in Realty Income by 9.6% in the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock valued at $658,813,000 after buying an additional 992,303 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Realty Income by 6,002.1% in the first quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock valued at $40,988,000 after buying an additional 694,983 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Up 1.6%

Shares of NYSE:O opened at $59.22 on Friday. The firm has a market cap of $54.14 billion, a P/E ratio of 57.49, a P/E/G ratio of 4.53 and a beta of 0.77. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The business has a fifty day simple moving average of $57.72 and a 200 day simple moving average of $56.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last released 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 company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. Analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

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

Analyst Ratings Changes

O has been the subject of several research analyst reports. Barclays upped their price target on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. UBS Group lifted their price target on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Finally, Scotiabank boosted 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. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $62.00.

Realty Income 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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