National Bank of Canada FI Buys 401,563 Shares of Realty Income Corporation (NYSE:O)

Key Points

• National Bank of Canada FI increased its stake in Realty Income Corporation by 151.1% after acquiring an additional 401,563 shares during the first quarter, bringing its total holdings to 667,324 shares valued at approximately $38.7 million.
• Realty Income reported a quarterly earnings per share (EPS) of $1.05, slightly missing the consensus estimate of $1.06, while revenue grew 5.3% year-over-year to $1.34 billion.
• The company also announced a dividend of $0.269 per share to be paid on August 15th, representing a significant dividend yield of 570.0%.

National Bank of Canada FI grew its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 151.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 667,324 shares of the real estate investment trust's stock after purchasing an additional 401,563 shares during the period. National Bank of Canada FI owned approximately 0.07% of Realty Income worth $38,711,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. LaSalle St. Investment Advisors LLC raised its stake in shares of Realty Income by 7.0% during the first quarter. LaSalle St. Investment Advisors LLC now owns 10,056 shares of the real estate investment trust's stock valued at $583,000 after acquiring an additional 655 shares during the last quarter. Swiss National Bank grew its holdings in Realty Income by 0.3% in the first quarter. Swiss National Bank now owns 2,468,494 shares of the real estate investment trust's stock worth $143,197,000 after purchasing an additional 8,300 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Realty Income by 9.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,277,116 shares of the real estate investment trust's stock worth $132,095,000 after purchasing an additional 196,075 shares during the period. Y.D. More Investments Ltd grew its holdings in Realty Income by 15.7% in the first quarter. Y.D. More Investments Ltd now owns 2,888 shares of the real estate investment trust's stock worth $168,000 after purchasing an additional 391 shares during the period. Finally, WealthPLAN Partners LLC lifted its stake in shares of Realty Income by 7.0% in the first quarter. WealthPLAN Partners LLC now owns 88,728 shares of the real estate investment trust's stock worth $5,147,000 after buying an additional 5,837 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of O traded up $0.30 during trading hours on Tuesday, reaching $57.69. 4,143,082 shares of the stock traded hands, compared to its average volume of 5,532,296. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company's 50-day moving average price is $57.23 and its two-hundred day moving average price is $56.48. The company has a market cap of $52.75 billion, a P/E ratio of 56.01, a price-to-earnings-growth ratio of 4.04 and a beta of 0.76.

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 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 firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter last year, the firm posted $1.07 EPS. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.269 dividend. This represents a yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's payout ratio is currently 313.59%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group lowered their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Wedbush reiterated a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Stifel Nicolaus increased their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Scotiabank increased their price target on shares of 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 issued a buy rating to the stock. According to data from MarketBeat, Realty Income currently has an average rating of "Hold" and a consensus price target 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.