Swiss National Bank Has $143.20 Million Stake in Realty Income Corporation (NYSE:O)

Key Points

• The Swiss National Bank increased its stake in Realty Income Corporation by 0.3% by purchasing an additional 8,300 shares, bringing its total ownership to approximately 0.27% valued at $143.2 million.
• Realty Income's quarterly earnings missed estimates, reporting $1.05 EPS compared to $1.06 expected, but its revenue rose to $1.34 billion, slightly exceeding analyst expectations.
• Several research analysts have various opinions on Realty Income's stock, with a consensus rating of "Hold" and an average target price of $61.36.

Swiss National Bank raised its stake in Realty Income Corporation (NYSE:O - Free Report) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,468,494 shares of the real estate investment trust's stock after purchasing an additional 8,300 shares during the quarter. Swiss National Bank owned about 0.27% of Realty Income worth $143,197,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in O. PSI Advisors LLC increased its holdings in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Realty Income in the fourth quarter valued at about $34,000. FSC Wealth Advisors LLC increased its holdings in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 455 shares during the last quarter. Orion Capital Management LLC acquired a new position in Realty Income in the fourth quarter valued at approximately $37,000. Finally, CVA Family Office LLC boosted its stake in Realty Income by 52.8% in the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 272 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on O. JPMorgan Chase & Co. reduced 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. Barclays reiterated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Stifel Nicolaus boosted their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. 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. Finally, Scotiabank boosted 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 issued a buy rating to the company. According to data from MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and an average target price of $61.36.

Realty Income Stock Performance

O stock traded up $0.40 during mid-day trading on Friday, reaching $57.49. 4,535,056 shares of the stock traded hands, compared to its average volume of 5,369,053. The company has a quick ratio of 1.74, a current 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 business has a 50-day moving average of $57.21 and a two-hundred day moving average of $56.44. The firm has a market capitalization of $51.92 billion, a PE ratio of 55.82, a P/E/G ratio of 4.03 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 the consensus estimate 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 the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The firm's quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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. The ex-dividend date is Friday, August 1st. This represents a yield of 570.0%. Realty Income's dividend payout ratio (DPR) is currently 312.62%.

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.