Tredje AP fonden Makes New $2.77 Million Investment in Realty Income Corporation $O

Tredje AP fonden acquired a new position in shares of Realty Income Corporation (NYSE:O) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,057 shares of the real estate investment trust’s stock, valued at approximately $2,769,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in O. Brighton Jones LLC lifted its holdings in shares of Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares during the last quarter. Bison Wealth LLC bought a new position in shares of Realty Income in the 4th quarter valued at $571,000. Teacher Retirement System of Texas raised its position in Realty Income by 228.1% in the first quarter. Teacher Retirement System of Texas now owns 168,528 shares of the real estate investment trust’s stock valued at $9,776,000 after purchasing an additional 117,159 shares during the last quarter. Truist Financial Corp raised its position in Realty Income by 11.7% in the first quarter. Truist Financial Corp now owns 1,038,871 shares of the real estate investment trust’s stock valued at $60,265,000 after purchasing an additional 108,970 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in Realty Income in the first quarter valued at about $52,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Barclays raised their price objective on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Cantor Fitzgerald assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target for the company. UBS Group raised their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Finally, Evercore ISI assumed coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price for the company. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.58.

Realty Income Stock Up 0.2%

Realty Income stock opened at $58.00 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.08. The firm has a 50 day moving average price of $59.37 and a two-hundred day moving average price of $57.93. The firm has a market cap of $53.03 billion, a price-to-earnings ratio of 56.32, a PEG ratio of 4.46 and a beta of 0.78.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business earned $1.07 EPS. Realty Income’s quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $0.2695 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 5.6%. Realty Income’s dividend payout ratio (DPR) is 313.59%.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

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.