OMERS ADMINISTRATION Corp Increases Stock Holdings in Realty Income Co. (NYSE:O)

OMERS ADMINISTRATION Corp increased its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 13.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 215,544 shares of the real estate investment trust's stock after acquiring an additional 26,182 shares during the period. OMERS ADMINISTRATION Corp's holdings in Realty Income were worth $11,512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Measured Risk Portfolios Inc. bought a new stake in Realty Income during the 4th quarter valued at $2,080,000. Laird Norton Wetherby Wealth Management LLC raised its position in Realty Income by 23.4% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,013 shares of the real estate investment trust's stock valued at $802,000 after purchasing an additional 2,850 shares in the last quarter. Investor s Fiduciary Advisor Network LLC bought a new stake in Realty Income during the 4th quarter valued at $4,307,000. GRS Advisors LLC raised its position in Realty Income by 36.3% during the 4th quarter. GRS Advisors LLC now owns 1,232,324 shares of the real estate investment trust's stock valued at $65,818,000 after purchasing an additional 328,057 shares in the last quarter. Finally, Gen Wealth Partners Inc raised its position in Realty Income by 6.9% during the 4th quarter. Gen Wealth Partners Inc now owns 9,718 shares of the real estate investment trust's stock valued at $519,000 after purchasing an additional 625 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Down 1.3%

Shares of O opened at $55.94 on Tuesday. The company has a market capitalization of $50.52 billion, a price-to-earnings ratio of 53.28, a PEG ratio of 2.10 and a beta of 0.78. The stock's 50-day moving average price is $56.50 and its 200-day moving average price is $55.85. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its earnings results 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 for 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 business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. On average, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.2685 per share. Realty Income's dividend payout ratio is presently 292.73%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on O. Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Wedbush reissued a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Finally, BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a research 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $61.85.

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.

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