Realty Income Corporation (NYSE:O) Stake Raised by National Pension Service

National Pension Service increased its holdings in Realty Income Corporation (NYSE:O - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,404,963 shares of the real estate investment trust's stock after acquiring an additional 229,032 shares during the period. National Pension Service owned about 0.27% of Realty Income worth $139,512,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of O. Brighton Jones LLC grew its holdings in Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after buying an additional 615 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Realty Income by 10.1% in the 4th quarter. Bessemer Group Inc. now owns 7,671 shares of the real estate investment trust's stock worth $410,000 after acquiring an additional 702 shares during the period. CreativeOne Wealth LLC lifted its position in shares of Realty Income by 20.3% during the 4th quarter. CreativeOne Wealth LLC now owns 35,528 shares of the real estate investment trust's stock worth $1,898,000 after buying an additional 5,999 shares during the period. Canada Post Corp Registered Pension Plan bought a new position in shares of Realty Income during the 4th quarter worth approximately $551,000. Finally, Ontario Teachers Pension Plan Board bought a new position in shares of Realty Income during the 4th quarter worth approximately $239,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Realty Income stock opened at $57.94 on Thursday. 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 business's 50 day simple moving average is $57.30 and its 200 day simple moving average is $56.50. The company has a market cap of $52.98 billion, a price-to-earnings ratio of 56.25, a PEG ratio of 4.58 and a beta of 0.76.

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 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion during 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 company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 EPS. Sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current 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 given a dividend of $0.269 per share. This represents a yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio is presently 313.59%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Stifel Nicolaus boosted their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. UBS Group reduced their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Scotiabank upped their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Realty Income has an average rating of "Hold" and an average target price of $61.36.

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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