Van Lanschot Kempen Investment Management N.V. Raises Holdings in Realty Income Corporation $O

Key Points

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Van Lanschot Kempen Investment Management N.V. increased its holdings in Realty Income Corporation (NYSE:O - Free Report) by 922.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,364 shares of the real estate investment trust's stock after purchasing an additional 298,055 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Realty Income were worth $19,164,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in O. Keystone Global Partners LLC purchased a new position in Realty Income in the 1st quarter worth approximately $26,000. PSI Advisors LLC raised its holdings in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Realty Income during the 4th quarter worth approximately $34,000. FSC Wealth Advisors LLC raised its holdings in shares of Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 455 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new stake in shares of Realty Income during the 4th quarter worth approximately $37,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on O shares. Barclays upped their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday. Scotiabank boosted their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Stifel Nicolaus boosted their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, UBS Group boosted their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $61.82.

Realty Income Trading Down 1.2%

Realty Income stock traded down $0.7130 during mid-day trading on Friday, hitting $58.8670. The company's stock had a trading volume of 7,645,195 shares, compared to its average volume of 4,954,309. The company has a 50 day moving average of $57.55 and a 200-day moving average of $56.70. The stock has a market cap of $53.82 billion, a PE ratio of 57.15, a P/E/G ratio of 4.55 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business's revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.07 EPS. On average, research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a $0.269 dividend. This is a boost from Realty Income's previous monthly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 5.5%. Realty Income's dividend payout ratio is currently 313.59%.

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.