Realty Income Co. (NYSE:O) Shares Acquired by PGGM Investments

PGGM Investments raised its position in shares of Realty Income Co. (NYSE:O) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,713,531 shares of the real estate investment trust’s stock after buying an additional 158,562 shares during the quarter. Realty Income comprises 1.5% of PGGM Investments’ portfolio, making the stock its 16th largest position. PGGM Investments owned approximately 0.24% of Realty Income worth $98,391,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of O. Oak Thistle LLC acquired a new stake in Realty Income during the third quarter valued at approximately $520,000. Czech National Bank raised its stake in Realty Income by 55.4% during the third quarter. Czech National Bank now owns 123,881 shares of the real estate investment trust’s stock valued at $6,187,000 after buying an additional 44,172 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Realty Income by 12.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 320,168 shares of the real estate investment trust’s stock worth $15,989,000 after purchasing an additional 34,835 shares during the period. Ballentine Partners LLC raised its position in shares of Realty Income by 4.5% during the 3rd quarter. Ballentine Partners LLC now owns 7,522 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 324 shares during the period. Finally, Trust Co. of Toledo NA OH raised its position in shares of Realty Income by 69.9% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 6,998 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 2,878 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Down 0.2 %

Shares of O traded down $0.09 during mid-day trading on Friday, reaching $53.71. The company’s stock had a trading volume of 6,861,575 shares, compared to its average volume of 5,076,704. The business has a fifty day moving average of $52.65 and a 200 day moving average of $53.48. The company has a market cap of $46.25 billion, a price-to-earnings ratio of 42.64, a price-to-earnings-growth ratio of 5.58 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. 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 (NYSE:O) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. Realty Income’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 EPS. As a group, analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BMO Capital Markets assumed coverage on Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. Royal Bank of Canada increased 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. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Mizuho decreased their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, Stifel Nicolaus decreased their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $60.96.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, 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 hyperlink. 0.10% of the stock is owned by corporate insiders.

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.