NBC Securities Inc. Raises Stock Position in Realty Income Co. (NYSE:O)

NBC Securities Inc. grew its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 168,687.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,503 shares of the real estate investment trust's stock after purchasing an additional 13,495 shares during the quarter. NBC Securities Inc.'s holdings in Realty Income were worth $783,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Norges Bank acquired a new position in shares of Realty Income during the 4th quarter valued at $624,666,000. Raymond James Financial Inc. acquired a new stake in Realty Income during the 4th quarter worth about $553,572,000. Northern Trust Corp lifted its holdings 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 buying an additional 3,834,403 shares during the last quarter. California Public Employees Retirement System lifted its holdings 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 valued at $205,628,000 after buying an additional 811,037 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings 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 valued at $40,988,000 after buying an additional 694,983 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

O has been the topic of several recent analyst reports. Mizuho lifted their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Wedbush restated a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Royal Bank of Canada decreased their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Finally, BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Realty Income presently has an average rating of "Hold" and an average target price of $61.15.

Realty Income Stock Performance

NYSE O traded down $0.15 on Thursday, hitting $55.77. 4,881,799 shares of the stock traded hands, compared to its average volume of 5,190,465. The business's fifty day moving average is $56.20 and its two-hundred day moving average is $55.59. Realty Income Co. has a 12 month low of $50.71 and a 12 month high of $64.88. The firm has a market capitalization of $50.36 billion, a price-to-earnings ratio of 53.11, a PEG ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

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

Realty Income Dividend Announcement

The company also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.2685 per share. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income's dividend payout ratio (DPR) is 292.73%.

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.