Vanguard Group Inc. Raises Stock Holdings in Realty Income Corporation (NYSE:O)

Key Points

• Vanguard Group Inc. increased its stake in Realty Income Corporation by 2.4% during Q1, now owning approximately 15.98% of the company valued at over $8.26 billion.
• Realty Income's recent financial results showed a slight earnings miss of $1.05 per share compared to estimates, despite a revenue increase of 5.3% year-over-year.
• The company also declared a $0.269 dividend with a substantial yield of 570.0% and a high dividend payout ratio of 293.64%.

Vanguard Group Inc. boosted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,511,359 shares of the real estate investment trust's stock after purchasing an additional 3,274,853 shares during the period. Vanguard Group Inc. owned about 15.98% of Realty Income worth $8,267,084,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp raised its position in Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after acquiring an additional 3,834,403 shares during the period. Centersquare Investment Management LLC grew its stake in shares of Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock valued at $288,375,000 after acquiring an additional 1,055,840 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Realty Income by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock worth $230,663,000 after acquiring an additional 110,694 shares during the period. Royal Bank of Canada lifted its holdings in Realty Income by 6.5% during the fourth quarter. Royal Bank of Canada now owns 3,174,507 shares of the real estate investment trust's stock valued at $169,551,000 after purchasing an additional 193,013 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC increased its stake in shares of Realty Income by 8.6% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 2,432,712 shares of the real estate investment trust's stock worth $129,931,000 after purchasing an additional 192,749 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Up 0.4%

NYSE O traded up $0.24 during trading on Thursday, hitting $57.15. The company's stock had a trading volume of 5,053,716 shares, compared to its average volume of 5,386,898. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week 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 company has a market cap of $51.61 billion, a PE ratio of 55.49, a P/E/G ratio of 3.99 and a beta of 0.76. The business's 50 day simple moving average is $57.20 and its 200-day simple moving average is $56.41.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) 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 analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.35%. Realty Income's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. On average, equities analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. This represents a dividend yield of 570.0%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's payout ratio is 293.64%.

Analysts Set New Price Targets

O has been the subject of several research reports. Barclays reissued an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. UBS Group decreased their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Stifel Nicolaus raised their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, Wedbush reiterated a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Eight 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 has a consensus rating of "Hold" and an average target price of $61.36.

Realty Income Company 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.