Westpac Banking Corp Has $577,000 Holdings in Realty Income Corporation $O

Westpac Banking Corp trimmed its holdings in shares of Realty Income Corporation (NYSE:O) by 15.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,014 shares of the real estate investment trust’s stock after selling 1,877 shares during the quarter. Westpac Banking Corp’s holdings in Realty Income were worth $577,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its position 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 valued at $326,000 after buying an additional 615 shares in the last quarter. Bison Wealth LLC bought a new position in Realty Income during the 4th quarter worth $571,000. Victory Capital Management Inc. raised its holdings in Realty Income by 5.3% in the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock valued at $23,018,000 after acquiring an additional 19,965 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Realty Income by 6.2% during the 1st quarter. Private Advisor Group LLC now owns 62,069 shares of the real estate investment trust’s stock valued at $3,601,000 after acquiring an additional 3,618 shares during the period. Finally, OneAscent Financial Services LLC lifted its position in shares of Realty Income by 99.4% during the 1st quarter. OneAscent Financial Services LLC now owns 9,470 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 4,721 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insider Activity

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

Realty Income Price Performance

Shares of O stock opened at $57.00 on Tuesday. The company has a market cap of $52.43 billion, a P/E ratio of 55.34, a PEG ratio of 4.46 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The stock’s 50-day moving average is $59.01 and its 200 day moving average is $57.85. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.08.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.2695 per share. The ex-dividend date is Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 5.7%. Realty Income’s dividend payout ratio is presently 299.07%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on O. Evercore ISI assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. UBS Group upped their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Mizuho raised their target price on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Cantor Fitzgerald lowered their price target 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, Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.33.

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.