Charles Schwab Investment Management Inc. Boosts Stock Position in Realty Income Co. (NYSE:O)

Charles Schwab Investment Management Inc. raised its position in shares of Realty Income Co. (NYSE:O) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,522,670 shares of the real estate investment trust’s stock after buying an additional 369,442 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Realty Income were worth $431,951,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Realty Income by 3.9% during 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 in the last quarter. Envestnet Asset Management Inc. boosted its stake in Realty Income by 69.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,922,207 shares of the real estate investment trust’s stock worth $95,995,000 after purchasing an additional 785,476 shares in the last quarter. International Assets Investment Management LLC grew its position in Realty Income by 10,591.3% during the 4th quarter. International Assets Investment Management LLC now owns 622,661 shares of the real estate investment trust’s stock worth $35,753,000 after purchasing an additional 616,837 shares during the last quarter. UBS Group AG increased its stake in Realty Income by 56.1% during the 3rd quarter. UBS Group AG now owns 1,415,849 shares of the real estate investment trust’s stock valued at $70,707,000 after purchasing an additional 508,933 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of 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 worth $457,633,000 after buying an additional 452,046 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

O traded down $0.43 on Tuesday, reaching $55.02. The stock had a trading volume of 6,354,974 shares, compared to its average volume of 6,840,320. The business’s 50-day moving average price is $52.94 and its two-hundred day moving average price is $53.74. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The company has a market cap of $47.38 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 5.73 and a beta of 0.92.

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

Realty Income Announces Dividend

The firm also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is 244.45%.

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on O shares. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BMO Capital Markets started coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Royal Bank of Canada lifted their target price on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. Mizuho cut their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Finally, Stifel Nicolaus decreased their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus price target of $60.96.

About 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.