Livforsakringsbolaget Skandia Omsesidigt Increases Stock Holdings in Realty Income Corporation $O

Livforsakringsbolaget Skandia Omsesidigt lifted its position in Realty Income Corporation (NYSE:O - Free Report) by 580.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,682 shares of the real estate investment trust's stock after purchasing an additional 5,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Realty Income were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of O. Vanguard Group Inc. boosted its stake in Realty Income by 2.4% during the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after buying an additional 3,274,853 shares during the period. Dimensional Fund Advisors LP boosted its stake in Realty Income by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock worth $702,381,000 after buying an additional 451,307 shares during the period. Invesco Ltd. boosted its stake in Realty Income by 0.4% during the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after buying an additional 48,024 shares during the period. Raymond James Financial Inc. boosted its stake in Realty Income by 9.6% during the first 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 period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Realty Income by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock worth $586,644,000 after buying an additional 123,501 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.4%

Shares of NYSE:O opened at $59.99 on Wednesday. The firm's 50 day moving average price is $58.03 and its 200 day moving average price is $57.13. The stock has a market cap of $54.85 billion, a price-to-earnings ratio of 58.24, a price-to-earnings-growth ratio of 4.60 and a beta of 0.77. 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 1.85, 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 data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business posted $1.07 EPS. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This is an increase from Realty Income's previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income's dividend payout ratio is 313.59%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on O. Mizuho increased their target price on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Barclays raised their price objective on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. UBS Group increased their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Finally, Scotiabank increased their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, Realty Income has an average rating of "Hold" and a consensus price target of $62.36.

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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