KLP Kapitalforvaltning AS Purchases 13,400 Shares of Realty Income Corporation (NYSE:O)

KLP Kapitalforvaltning AS lifted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 311,908 shares of the real estate investment trust's stock after purchasing an additional 13,400 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Realty Income were worth $18,094,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in O. Victory Capital Management Inc. boosted its position in Realty Income by 5.3% during the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after acquiring an additional 19,965 shares during the last quarter. Employees Retirement System of Texas boosted its holdings in shares of Realty Income by 19.0% during the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock worth $26,074,000 after purchasing an additional 78,000 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Realty Income by 21.2% during the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock worth $5,958,000 after purchasing an additional 19,527 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Realty Income in the first quarter valued at $1,470,000. Finally, Renaissance Technologies LLC increased its stake in Realty Income by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock valued at $38,207,000 after purchasing an additional 127,300 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Stifel Nicolaus upped their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Scotiabank increased 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. Finally, Wedbush reiterated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Performance

NYSE O traded down $0.12 during trading hours on Friday, hitting $57.90. The company had a trading volume of 4,435,850 shares, compared to its average volume of 5,066,471. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The firm has a market cap of $52.29 billion, a P/E ratio of 52.64, a price-to-earnings-growth ratio of 4.07 and a beta of 0.75. The business has a fifty day simple moving average of $56.99 and a 200-day simple moving average of $56.18.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm earned $1.03 EPS. The business's revenue for the quarter was up 9.5% on a year-over-year basis. Equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $0.269 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income's dividend payout ratio is currently 293.64%.

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.