National Pension Service Has $86.18 Million Stake in Realty Income Co. (NYSE:O)

National Pension Service increased its position in shares of Realty Income Co. (NYSE:O) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,500,926 shares of the real estate investment trust’s stock after purchasing an additional 42,080 shares during the quarter. National Pension Service owned approximately 0.21% of Realty Income worth $86,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Realty Income by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after buying an additional 4,172,231 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Realty Income by 1.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust’s stock valued at $463,007,000 after buying an additional 117,313 shares in the last quarter. Northern Trust Corp grew its position in Realty Income by 5.2% in the third quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock valued at $457,633,000 after acquiring an additional 452,046 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Realty Income by 0.5% during the third quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock valued at $443,588,000 after purchasing an additional 47,437 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Realty Income by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,522,670 shares of the real estate investment trust’s stock worth $431,951,000 after acquiring an additional 369,442 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on O. 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 for the company. Stifel Nicolaus dropped their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Royal Bank of Canada increased their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Mizuho dropped their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.96.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

NYSE:O traded down $0.34 during mid-day trading on Thursday, hitting $54.45. The stock had a trading volume of 2,503,268 shares, compared to its average volume of 6,785,658. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a 50 day simple moving average of $52.94 and a 200-day simple moving average of $53.74. The stock has a market capitalization of $46.89 billion, a price-to-earnings ratio of 50.78, a P/E/G ratio of 5.73 and a beta of 0.92. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The firm’s revenue was up 33.5% on a year-over-year basis. On average, research analysts expect that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.257 per share. This represents a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s payout ratio is currently 285.19%.

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.