National Pension Service Buys 42,080 Shares of Realty Income Co. (NYSE:O)

National Pension Service raised its stake in shares of Realty Income Co. (NYSE:O) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,500,926 shares of the real estate investment trust’s stock after purchasing an additional 42,080 shares during the period. National Pension Service’s holdings in Realty Income were worth $86,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Realty Income by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after buying an additional 4,172,231 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Realty Income by 1.3% in the third quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust’s stock valued at $463,007,000 after purchasing an additional 117,313 shares in the last quarter. Northern Trust Corp raised its stake in Realty Income by 5.2% during the third quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock valued at $457,633,000 after purchasing an additional 452,046 shares in the last quarter. Legal & General Group Plc lifted its position in Realty Income by 0.5% during the third quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock valued at $443,588,000 after purchasing an additional 47,437 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,522,670 shares of the real estate investment trust’s stock worth $431,951,000 after buying an additional 369,442 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Down 0.6 %

Shares of NYSE:O traded down $0.34 during trading on Thursday, reaching $54.45. The stock had a trading volume of 2,503,268 shares, compared to its average volume of 6,785,658. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The firm’s 50-day simple moving average is $52.94 and its 200 day simple moving average is $53.74. 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 company has a market capitalization of $46.89 billion, a P/E ratio of 50.78, a PEG ratio of 5.73 and a beta of 0.92.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the company posted $0.98 EPS. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, research analysts expect that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s dividend payout ratio (DPR) is presently 285.19%.

Analysts Set New Price Targets

O has been the subject of several recent research reports. Royal Bank of Canada lifted their price target on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets began coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus reduced their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Finally, Mizuho cut their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.96.

Insiders Place Their Bets

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

Realty Income 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.