Voya Investment Management LLC Has $11.77 Million Position in Realty Income Corporation $O

Voya Investment Management LLC reduced its stake in Realty Income Corporation (NYSE:O) by 22.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193,585 shares of the real estate investment trust’s stock after selling 55,785 shares during the period. Voya Investment Management LLC’s holdings in Realty Income were worth $11,768,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in O. Vanguard Group Inc. boosted its holdings in Realty Income by 2.5% in the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after acquiring an additional 3,624,852 shares in the last quarter. State Street Corp raised its position in shares of Realty Income by 1.1% during the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock worth $3,556,436,000 after purchasing an additional 676,697 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after purchasing an additional 2,058,031 shares in the last quarter. Raymond James Financial Inc. grew its position in Realty Income by 5.8% in the 2nd quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock valued at $692,002,000 after purchasing an additional 654,958 shares during the period. Finally, Norges Bank bought a new stake in Realty Income during the 2nd quarter valued at $676,500,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Realty Income Trading Up 0.7%

NYSE O opened at $56.70 on Tuesday. The stock has a market capitalization of $52.16 billion, a price-to-earnings ratio of 52.50, a PEG ratio of 3.53 and a beta of 0.80. The business’s fifty day moving average is $57.76 and its 200-day moving average is $58.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. Realty Income Corporation has a one year low of $50.71 and a one year high of $61.08.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.27 dividend. The ex-dividend date is Wednesday, December 31st. This is a boost from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.7%. Realty Income’s dividend payout ratio is presently 299.07%.

Wall Street Analyst Weigh In

O has been the topic of a number of recent research reports. Mizuho dropped their price objective on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 15th. Evercore ISI started coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target on the stock. Cantor Fitzgerald decreased their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Wells Fargo & Company increased their price objective on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.00.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.