Realty Income Co. (NYSE:O) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada boosted its holdings in Realty Income Co. (NYSE:O) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,174,507 shares of the real estate investment trust’s stock after acquiring an additional 193,013 shares during the period. Royal Bank of Canada owned 0.36% of Realty Income worth $169,551,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in O. Tcfg Wealth Management LLC lifted its holdings in shares of Realty Income by 2.9% in the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after acquiring an additional 186 shares during the last quarter. Romano Brothers AND Company raised its position in Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 200 shares during the period. Bay Rivers Group raised its position in Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock valued at $1,103,000 after purchasing an additional 200 shares during the period. Smith Moore & CO. lifted its stake in Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 201 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Realty Income by 11.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 218 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Up 1.6%

Shares of NYSE:O opened at $56.30 on Monday. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88. The company’s 50 day moving average is $56.31 and its two-hundred day moving average is $55.70. The company has a market cap of $50.85 billion, a PE ratio of 53.62, a P/E/G ratio of 2.10 and a beta of 0.78. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. Equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a $0.2685 dividend. This represents a yield of 5.8%. The ex-dividend date of this dividend is Monday, June 2nd. Realty Income’s dividend payout ratio (DPR) is 292.73%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on O. JPMorgan Chase & Co. cut their price objective on Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. UBS Group dropped their target price on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Stifel Nicolaus raised their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Finally, Royal Bank of Canada dropped their price objective 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. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.15.

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.