Realty Income Corporation (NYSE:O) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 371,716 shares of the real estate investment trust's stock after buying an additional 16,738 shares during the quarter. IFM Investors Pty Ltd's holdings in Realty Income were worth $23,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Realty Income by 0.4% in the fourth 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 during the period. Geode Capital Management LLC boosted its position in Realty Income by 2.9% during the fourth 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 acquiring an additional 658,240 shares during the last quarter. Northern Trust Corp boosted its position 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 worth $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. Norges Bank bought a new position in shares of Realty Income during the 4th quarter worth about $624,666,000. Finally, Raymond James Financial Inc. bought a new position in Realty Income in the 4th quarter valued at about $553,572,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on O. Mizuho raised their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Realty Income currently has an average rating of "Hold" and an average price target of $61.15.

Realty Income Price Performance

Shares of NYSE O traded down $0.06 during trading on Friday, hitting $57.70. 2,942,493 shares of the company were exchanged, compared to its average volume of 5,242,274. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The firm's fifty day moving average price is $56.75 and its 200 day moving average price is $55.72. The company has a market cap of $52.10 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 4.04 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last announced 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. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.269 per share. The ex-dividend date is Tuesday, July 1st. This represents a dividend yield of 5.6%. This is an increase from Realty Income's previous jul 25 dividend of $0.27. Realty Income's dividend payout ratio is currently 293.64%.

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.