OVERSEA CHINESE BANKING Corp Ltd Acquires 98,977 Shares of Realty Income Co. (NYSE:O)

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Realty Income Co. (NYSE:O - Free Report) by 110.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 188,704 shares of the real estate investment trust's stock after purchasing an additional 98,977 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Realty Income were worth $10,835,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Dynamic Advisor Solutions LLC boosted its holdings in Realty Income by 6.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 6,339 shares of the real estate investment trust's stock valued at $317,000 after purchasing an additional 403 shares in the last quarter. LexAurum Advisors LLC acquired a new stake in Realty Income during the fourth quarter valued at approximately $203,000. Vest Financial LLC boosted its holdings in Realty Income by 50.3% during the fourth quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust's stock valued at $31,037,000 after purchasing an additional 180,974 shares in the last quarter. Sowell Financial Services LLC boosted its holdings in Realty Income by 21.0% during the fourth quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust's stock valued at $1,224,000 after purchasing an additional 3,681 shares in the last quarter. Finally, Cohen Investment Advisors LLC boosted its holdings in Realty Income by 449.1% during the fourth quarter. Cohen Investment Advisors LLC now owns 35,391 shares of the real estate investment trust's stock valued at $2,032,000 after purchasing an additional 28,946 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

O stock traded up $1.01 during mid-day trading on Friday, hitting $53.04. 6,611,652 shares of the company were exchanged, compared to its average volume of 5,416,677. The business has a 50 day simple moving average of $52.49 and a 200-day simple moving average of $53.38. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $45.68 billion, a PE ratio of 42.10, a price-to-earnings-growth ratio of 5.40 and a beta of 0.92. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The firm's quarterly revenue was up 21.1% on a year-over-year basis. On average, equities analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income's payout ratio is presently 244.45%.

Insiders Place Their Bets

In related news, Director A. Larry Chapman sold 5,000 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares of the company's stock, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on O. BMO Capital Markets began coverage on Realty Income in a report on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 target price on the stock. Royal Bank of Canada upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, January 11th. Stifel Nicolaus cut their price target on Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. Mizuho dropped their price objective on Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, March 7th. Finally, StockNews.com raised Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $60.96.

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.