Swiss National Bank Grows Stake in Realty Income Co. (NYSE:O)

Swiss National Bank increased its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,216,313 shares of the real estate investment trust's stock after buying an additional 50,900 shares during the period. Swiss National Bank owned 0.31% of Realty Income worth $127,261,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Manchester Capital Management LLC raised its position in shares of Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 423 shares during the last quarter. Baystate Wealth Management LLC lifted its position in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 190 shares during the period. FinTrust Capital Advisors LLC boosted its stake in shares of Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 429 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $29,000. Finally, Operose Advisors LLC bought a new stake in shares of Realty Income during the third quarter worth approximately $30,000. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Up 0.6 %

O traded up $0.35 during trading on Friday, hitting $55.26. The company had a trading volume of 9,076,566 shares, compared to its average volume of 5,836,093. The firm's 50-day moving average price is $52.83 and its 200 day moving average price is $53.61. The company has a market capitalization of $47.59 billion, a PE ratio of 43.86, a PEG ratio of 5.70 and a beta of 0.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18.

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

Realty Income Announces Dividend

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

Insider Buying and Selling at Realty Income

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 transaction of $271,150.00. Following the transaction, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

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

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.