Realty Income Corporation $O Shares Purchased by Ethic Inc.

Ethic Inc. grew its stake in shares of Realty Income Corporation (NYSE:O) by 14.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,741 shares of the real estate investment trust’s stock after acquiring an additional 12,423 shares during the quarter. Ethic Inc.’s holdings in Realty Income were worth $5,881,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Realty Income by 2.5% during 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 purchasing an additional 3,624,852 shares during the last quarter. State Street Corp increased its holdings in shares of Realty Income by 1.1% during the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock worth $3,556,436,000 after buying an additional 676,697 shares during the last quarter. Geode Capital Management LLC raised its position 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 buying an additional 2,058,031 shares during the period. Raymond James Financial Inc. boosted its holdings in Realty Income by 5.8% in the second 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 acquiring an additional 654,958 shares during the last quarter. Finally, Norges Bank purchased a new stake in Realty Income during the second quarter valued at about $676,500,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Up 0.2%

O opened at $56.82 on Tuesday. The firm has a market capitalization of $52.26 billion, a P/E ratio of 52.61, a P/E/G ratio of 3.56 and a beta of 0.80. The firm’s 50 day moving average is $57.46 and its 200-day moving average is $58.04. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.08. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on O. JPMorgan Chase & Co. restated an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a report on Thursday, December 18th. Morgan Stanley raised their price target on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Wall Street Zen downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company raised their target price on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Finally, Barclays lifted their target price on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.23.

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.