Realty Income Co. (NYSE:O) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 476,356 shares of the real estate investment trust's stock after purchasing an additional 8,238 shares during the period. Handelsbanken Fonder AB owned 0.05% of Realty Income worth $27,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in O. Norges Bank purchased a new position in shares of Realty Income in the 4th quarter valued at about $624,666,000. Raymond James Financial Inc. purchased a new position in Realty Income in the fourth quarter valued at about $553,572,000. Northern Trust Corp lifted its position in shares of Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after acquiring an additional 3,834,403 shares during the period. California Public Employees Retirement System boosted its stake in shares of Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after acquiring an additional 811,037 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Realty Income by 6,002.1% during the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after acquiring an additional 694,983 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.1%

Realty Income stock traded down $0.05 during trading on Thursday, reaching $57.71. 1,624,492 shares of the company's stock were exchanged, compared to its average volume of 5,188,567. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88. The firm has a market cap of $52.12 billion, a price-to-earnings ratio of 54.96, a PEG ratio of 2.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company's 50-day moving average is $56.18 and its two-hundred day moving average is $55.58.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. On average, analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.269 per share. This is an increase from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a yield of 5.6%. Realty Income's payout ratio is 292.73%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wedbush restated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Scotiabank upped their price objective on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. UBS Group decreased their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Stifel Nicolaus upped their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Royal Bank of Canada lowered their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $61.15.

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.