National Pension Service Acquires 229,032 Shares of Realty Income Corporation (NYSE:O)

National Pension Service raised its holdings in shares of Realty Income Corporation (NYSE:O) by 10.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,404,963 shares of the real estate investment trust’s stock after purchasing an additional 229,032 shares during the period. National Pension Service’s holdings in Realty Income were worth $139,512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. PSI Advisors LLC increased its position in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 252 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Realty Income in the fourth quarter worth approximately $34,000. FSC Wealth Advisors LLC boosted its holdings in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 455 shares during the last quarter. Orion Capital Management LLC purchased a new stake in Realty Income in the fourth quarter worth approximately $37,000. Finally, CVA Family Office LLC boosted its holdings in Realty Income by 52.8% in the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 272 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on O shares. Wedbush restated a “neutral” rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Scotiabank raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Stifel Nicolaus lifted their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Finally, UBS Group lowered their target price on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus price target of $61.36.

Realty Income Stock Up 0.5%

O stock opened at $57.94 on Thursday. The firm has a market cap of $52.98 billion, a PE ratio of 56.25, a P/E/G ratio of 4.58 and a beta of 0.76. 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 firm’s fifty day moving average is $57.30 and its 200 day moving average is $56.50. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88.

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

Realty Income Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.269 dividend. This represents a dividend yield of 570.0%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income’s payout ratio is 313.59%.

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.