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

Toronto Dominion Bank raised its position in 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 (SEC). The firm owned 467,462 shares of the real estate investment trust's stock after purchasing 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.

Several other institutional investors have also recently bought and sold shares of O. Norges Bank acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $624,666,000. Raymond James Financial Inc. bought a new stake in shares of Realty Income during the 4th quarter worth $553,572,000. Northern Trust Corp grew its stake in shares of Realty Income by 41.2% during 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 buying an additional 3,834,403 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after buying an additional 811,037 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after buying an additional 658,240 shares during the period. Institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on O. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Mizuho upped their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Scotiabank lifted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Wedbush reissued a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Realty Income presently has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Trading Down 1.6%

Realty Income stock traded down $0.92 during mid-day trading on Wednesday, hitting $55.29. The company's stock had a trading volume of 4,526,438 shares, compared to its average volume of 5,225,961. The stock has a market cap of $49.93 billion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. Realty Income Co. has a 12 month low of $50.71 and a 12 month high of $64.88. The business has a 50 day moving average price of $56.31 and a 200-day moving average price of $55.69. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

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

Realty Income Announces Dividend

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

About Realty Income

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.