Pensionfund DSM Netherlands Decreases Stake in Realty Income Corporation $O

Key Points

• Pensionfund DSM Netherlands lowered its stake in Realty Income Corporation by 6.4%, holding 131,870 shares after selling 9,000 shares, which now comprises about 5.1% of their investment portfolio valued at $7,650,000.
• Several institutional investors have increased their stakes in Realty Income, with Vanguard Group Inc. acquiring the most shares, raising its holdings by 2.4% to over 142 million shares.
• Realty Income recently announced a monthly dividend increase of $0.2695 per share, effective October 15th, representing a 5.4% dividend yield, up from the previous $0.27.

Pensionfund DSM Netherlands cut its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,870 shares of the real estate investment trust's stock after selling 9,000 shares during the quarter. Realty Income makes up about 5.1% of Pensionfund DSM Netherlands' investment portfolio, making the stock its 4th biggest position. Pensionfund DSM Netherlands' holdings in Realty Income were worth $7,650,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings 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 valued at $8,267,084,000 after acquiring an additional 3,274,853 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Realty Income by 3.9% in 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 purchasing an additional 451,307 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Realty Income by 0.4% in the first 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 during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Realty Income by 9.6% in 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 purchasing an additional 992,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Realty Income by 1.2% in 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 purchasing an additional 123,501 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on O. UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Scotiabank lifted their target price on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Barclays lifted their target price on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Finally, Mizuho lifted their target price on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, Realty Income has an average rating of "Hold" and an average target price of $62.36.

Realty Income Trading Up 0.4%

O opened at $60.43 on Friday. The firm has a market cap of $55.25 billion, a P/E ratio of 58.67, a P/E/G ratio of 4.60 and a beta of 0.77. Realty Income Corporation has a 12 month low of $50.71 and a 12 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 stock has a 50-day moving average of $57.92 and a 200 day moving average of $57.08.

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 company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 EPS. As a group, research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. This is a boost from Realty Income's previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. Realty Income's dividend payout ratio (DPR) is presently 313.59%.

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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