Toronto Dominion Bank Grows Stake in Realty Income Co. (NYSE:O)

Toronto Dominion Bank grew its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 467,462 shares of the real estate investment trust's stock after buying an additional 35,442 shares during the quarter. Toronto Dominion Bank owned 0.05% of Realty Income worth $24,967,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lee Danner & Bass Inc. purchased a new stake in Realty Income in the fourth quarter worth $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income in the 4th quarter worth about $29,000. Sierra Ocean LLC bought a new stake in Realty Income during the 4th quarter valued at about $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income in the 4th quarter valued at about $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in Realty Income in the 4th quarter worth about $34,000. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on O. Scotiabank lifted their price objective on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Stifel Nicolaus upped 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. Wedbush reissued a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Finally, BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $61.15.

Realty Income Stock Up 0.4%

Realty Income stock traded up $0.25 during midday trading on Friday, reaching $56.61. The company's stock had a trading volume of 9,765,524 shares, compared to its average volume of 5,214,976. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a market cap of $51.12 billion, a P/E ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 0.78. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $56.19 and a 200-day simple moving average of $55.60.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. On average, research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a $0.2685 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income's payout ratio is 292.73%.

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.