Realty Income Corporation (NYSE:O) Shares Bought by Ontario Teachers Pension Plan Board

Key Points

• The Ontario Teachers Pension Plan Board increased its holdings in Realty Income Corporation by 326.4%, acquiring an additional 14,628 shares in the first quarter, bringing its total to 19,109 shares valued at approximately $1.1 million.
• Realty Income reported a net margin of 16.77% and a quarterly revenue of $1.34 billion, slightly above analysts' expectations, but missed the earnings per share (EPS) target by $0.01.
• The company declared a dividend of $0.269 to be paid on August 15, contributing to a high dividend payout ratio of 293.64% amidst substantial institutional ownership at 70.81% of its stock.

Ontario Teachers Pension Plan Board grew its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 326.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,109 shares of the real estate investment trust's stock after acquiring an additional 14,628 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Realty Income were worth $1,109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Northern Trust Corp increased its position in 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 worth $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after acquiring an additional 3,274,853 shares during the period. Centersquare Investment Management LLC boosted its holdings in Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock worth $288,375,000 after acquiring an additional 1,055,840 shares during the period. GAMMA Investing LLC boosted its holdings in Realty Income by 6,002.1% in the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after acquiring an additional 694,983 shares during the period. Finally, Demars Financial Group LLC purchased a new position in Realty Income in the 4th quarter worth approximately $30,817,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on O shares. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. JPMorgan Chase & Co. decreased their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Scotiabank upped their price target on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Stifel Nicolaus upped their price target on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income has a consensus rating of "Hold" and a consensus price target of $61.36.

Realty Income Stock Performance

Shares of O stock traded up $0.40 on Friday, hitting $57.49. 4,535,056 shares of the stock traded hands, compared to its average volume of 5,369,053. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.74. The company has a market capitalization of $51.92 billion, a PE ratio of 55.82, a PEG ratio of 4.03 and a beta of 0.76. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company's fifty day moving average is $57.21 and its 200 day moving average is $56.44.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%. The firm's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 EPS. On average, equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.269 per share. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's dividend payout ratio is currently 312.62%.

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.