Lansforsakringar Fondforvaltning AB publ Decreases Stock Holdings in Realty Income Corporation $O

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in Realty Income Corporation by 2.3%, now holding 278,608 shares worth $16.16 million after selling 6,463 shares.
• Realty Income recently declared an increase in its monthly dividend to $0.269 per share, reflecting a yield of 5.6% and a payout ratio of 313.59%.
• Analyst ratings for Realty Income show a mix, with three analysts giving a "Buy" rating while nine rated it as "Hold", and an average price target of $62.00.

Lansforsakringar Fondforvaltning AB publ lowered its position in Realty Income Corporation (NYSE:O - Free Report) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 278,608 shares of the real estate investment trust's stock after selling 6,463 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Realty Income were worth $16,162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Realty Income by 2.4% in the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock valued at $8,267,084,000 after acquiring an additional 3,274,853 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock valued at $702,381,000 after purchasing an additional 451,307 shares during the last quarter. Invesco Ltd. boosted its position in shares of Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after purchasing an additional 48,024 shares in the last quarter. Raymond James Financial Inc. grew its stake in Realty Income by 9.6% during the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock worth $658,813,000 after buying an additional 992,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Realty Income by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock valued at $586,644,000 after buying an additional 123,501 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

O has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Barclays lifted their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. UBS Group upped their price target on shares of 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 raised their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Realty Income presently has an average rating of "Hold" and an average price target of $62.00.

Realty Income Price Performance

Shares of NYSE:O opened at $58.10 on Friday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a market cap of $53.12 billion, a PE ratio of 56.41, a price-to-earnings-growth ratio of 4.48 and a beta of 0.76. The company's 50 day moving average is $57.61 and its 200 day moving average is $56.81.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate 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 firm's revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $1.07 earnings per share. On average, sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.269 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 5.6%. This is an increase from Realty Income's previous monthly dividend of $0.26. Realty Income's payout ratio is 313.59%.

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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