Geode Capital Management LLC Grows Position in Realty Income Corporation $O

Geode Capital Management LLC lifted its holdings in shares of Realty Income Corporation (NYSE:O) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,979,134 shares of the real estate investment trust’s stock after purchasing an additional 2,058,031 shares during the quarter. Geode Capital Management LLC owned 2.99% of Realty Income worth $1,548,687,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Compagnie Lombard Odier SCmA bought a new stake in Realty Income during the second quarter worth about $25,000. Keystone Global Partners LLC bought a new stake in Realty Income in the 1st quarter worth approximately $26,000. Avion Wealth boosted its stake in Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 309 shares in the last quarter. Hilltop National Bank bought a new position in Realty Income during the second quarter valued at approximately $36,000. Finally, CBIZ Investment Advisory Services LLC grew its position in Realty Income by 87.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 303 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Realty Income Stock Performance

Realty Income stock opened at $56.93 on Thursday. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08. The stock’s 50 day simple moving average is $59.13 and its two-hundred day simple moving average is $57.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $52.37 billion, a price-to-earnings ratio of 55.28, a PEG ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last posted its quarterly earnings data 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. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, analysts expect 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. Investors of record on Friday, November 28th will be paid a $0.2695 dividend. The ex-dividend date is Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 5.7%. Realty Income’s dividend payout ratio is presently 299.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Barclays upped their price objective on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Scotiabank increased their target price on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Wall Street Zen upgraded Realty Income from a “strong sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Finally, UBS Group increased their price objective on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.