Swedbank AB increased its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,772 shares of the real estate investment trust's stock after buying an additional 11,390 shares during the period. Swedbank AB's holdings in Realty Income were worth $3,620,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of O. Rosenberg Matthew Hamilton increased its stake in Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. Creative Capital Management Investments LLC increased its position in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 300 shares in the last quarter. ST Germain D J Co. Inc. lifted its holdings in Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 567 shares in the last quarter. Pacifica Partners Inc. grew its stake in Realty Income by 89.2% in the third quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 437 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of Realty Income by 313.5% in the third quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 718 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:O opened at $54.64 on Friday. The firm has a market cap of $47.82 billion, a P/E ratio of 52.04, a PEG ratio of 1.94 and a beta of 1.00. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The business's 50 day simple moving average is $54.45 and its two-hundred day simple moving average is $58.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.
Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm earned $1.02 earnings per share. The company's revenue was up 28.1% on a year-over-year basis. As a group, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.
The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income's dividend payout ratio (DPR) is currently 301.91%.
Several brokerages recently issued reports on O. UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Scotiabank dropped their price objective on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target on the stock. Finally, Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus target price of $62.04.
Get Our Latest Report on Realty Income
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.
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