Realty Income Corporation (NYSE:O) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund has decreased its holdings in Realty Income Corporation by 9.1%, selling 17,500 shares, leaving it with 175,653 shares valued at approximately $10.19 million.
• Several institutional investors, including Community Bank of Raymore and National Pension Service, have increased their stakes in Realty Income, indicating continued interest in the real estate investment trust.
• Realty Income recently announced a dividend of $0.269 per share, which will yield approximately 570.0%, underscoring its commitment to providing consistent dividends to its shareholders.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 9.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,653 shares of the real estate investment trust's stock after selling 17,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Realty Income were worth $10,190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Community Bank of Raymore increased its position in Realty Income by 19.7% during the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock worth $8,636,000 after purchasing an additional 24,467 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in Realty Income by 4.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 25,523 shares of the real estate investment trust's stock worth $1,481,000 after purchasing an additional 1,066 shares during the period. NFP Retirement Inc. increased its position in Realty Income by 7.2% during the 1st quarter. NFP Retirement Inc. now owns 10,164 shares of the real estate investment trust's stock worth $590,000 after purchasing an additional 679 shares during the period. National Pension Service increased its position in Realty Income by 10.5% during the 1st quarter. National Pension Service now owns 2,404,963 shares of the real estate investment trust's stock worth $139,512,000 after purchasing an additional 229,032 shares during the period. Finally, MSH Capital Advisors LLC increased its position in Realty Income by 121.1% during the 1st quarter. MSH Capital Advisors LLC now owns 45,830 shares of the real estate investment trust's stock worth $2,659,000 after purchasing an additional 25,101 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on O. Wedbush restated a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. 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. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $61.36.

Realty Income Price Performance

O stock opened at $57.85 on Friday. 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 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The stock's 50 day moving average price is $57.34 and its 200 day moving average price is $56.51. The firm has a market cap of $52.89 billion, a P/E ratio of 56.17, a PEG ratio of 4.60 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the company posted $1.07 EPS. Realty Income's quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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