Realty Income Co. (NYSE:O) Stake Raised by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its holdings in Realty Income Co. (NYSE:O) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,418 shares of the real estate investment trust’s stock after buying an additional 17,926 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Realty Income were worth $16,846,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of Realty Income during the 4th quarter worth about $553,572,000. Trust Co. of Vermont increased its stake in shares of Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after acquiring an additional 28,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock worth $40,656,000 after purchasing an additional 166,178 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Realty Income by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock worth $93,850,000 after purchasing an additional 101,184 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after purchasing an additional 74,185 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Mizuho cut their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Scotiabank dropped their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Finally, Royal Bank of Canada reduced their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income Stock Performance

Shares of O stock opened at $56.18 on Friday. The company has a market capitalization of $50.08 billion, a price-to-earnings ratio of 53.50, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $55.75 and its 200-day simple moving average is $57.36.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.2685 dividend. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is currently 328.57%.

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.