Nordea Investment Management AB Has $4.56 Million Stake in Realty Income Corporation $O

Key Points

• Nordea Investment Management AB increased its stake in Realty Income Corporation by 8.7%, reaching a total of 79,989 shares valued at approximately $4.56 million.
• Realty Income announced a monthly dividend of $0.2695 per share, reflecting an annualized dividend yield of 5.4%, with the ex-dividend date set for October 31st.
• Realty Income's Q2 earnings report showed a slight miss, with earnings per share of $1.05 compared to the consensus estimate of $1.06, while revenue increased by 5.3% year-over-year.

Nordea Investment Management AB increased its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 8.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 79,989 shares of the real estate investment trust's stock after acquiring an additional 6,417 shares during the period. Nordea Investment Management AB's holdings in Realty Income were worth $4,559,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Realty Income by 2.4% during the 1st 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 during the last quarter. Dimensional Fund Advisors LP grew its holdings in Realty Income by 3.9% in 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 buying an additional 451,307 shares during the last quarter. Invesco Ltd. grew its holdings in 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 valued at $662,589,000 after buying an additional 48,024 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock valued at $658,813,000 after buying an additional 992,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Realty Income by 1.2% in 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 during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

Shares of Realty Income stock opened at $60.03 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The firm's 50-day simple moving average is $59.27 and its 200-day simple moving average is $57.61. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.68. The firm has a market cap of $54.89 billion, a P/E ratio of 58.29, a price-to-earnings-growth ratio of 4.63 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the firm posted $1.07 earnings per share. Realty Income's revenue was up 5.3% on a year-over-year basis. As a group, research analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a dividend of $0.2695 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, October 31st. Realty Income's payout ratio is 313.59%.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company's stock.

Analyst Ratings Changes

O has been the topic of a number of research analyst reports. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Barclays raised their target price on Realty Income from $59.00 to $63.00 and gave the company an "equal weight" rating in a report on Monday. Evercore ISI initiated coverage on Realty Income in a report on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 target price on the stock. Mizuho raised their target price on Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Finally, Cantor Fitzgerald assumed coverage on Realty Income in a report on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.58.

About Realty Income

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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