Mackenzie Financial Corp Increases Stake in Realty Income Co. (NYSE:O)

Mackenzie Financial Corp raised its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 44.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,837 shares of the real estate investment trust's stock after acquiring an additional 31,576 shares during the quarter. Mackenzie Financial Corp's holdings in Realty Income were worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of O. Vanguard Group Inc. lifted its stake in shares of Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after buying an additional 555,908 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after buying an additional 658,240 shares in the last quarter. Northern Trust Corp lifted its stake 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 in the last quarter. Norges Bank purchased a new stake in Realty Income in the 4th quarter worth $624,666,000. Finally, Raymond James Financial Inc. purchased a new stake in Realty Income in the 4th quarter worth $553,572,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

O has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Mizuho upped their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Royal Bank of Canada dropped their target price on shares of 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 downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Trading Up 0.4%

NYSE:O traded up $0.25 on Friday, hitting $56.61. The stock had a trading volume of 9,965,391 shares, compared to its average volume of 5,210,949. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $51.12 billion, a price-to-earnings ratio of 53.91, a PEG ratio of 2.10 and a beta of 0.78. The company has a fifty day moving average price of $56.21 and a two-hundred day moving average price of $55.60. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88.

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

Realty Income Announces Dividend

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

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.