OVERSEA CHINESE BANKING Corp Ltd Buys 77,212 Shares of Realty Income Corporation $O

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Realty Income Corporation (NYSE:O) by 552.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,177 shares of the real estate investment trust’s stock after purchasing an additional 77,212 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Realty Income were worth $5,543,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Compagnie Lombard Odier SCmA bought a new position in Realty Income in the 2nd quarter valued at $25,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Realty Income during the third quarter valued at $29,000. Avion Wealth boosted its holdings in Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 309 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Realty Income in the second quarter worth about $31,000. Finally, Country Trust Bank increased its position in Realty Income by 806.5% in the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $60.27 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08. The firm has a fifty day moving average of $57.25 and a 200-day moving average of $58.07. The firm has a market capitalization of $55.44 billion, a price-to-earnings ratio of 55.80, a price-to-earnings-growth ratio of 3.81 and a beta of 0.80.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.27 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, January 30th. Realty Income’s dividend payout ratio (DPR) is 300.00%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald reduced their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Mizuho cut their price objective on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Finally, Wells Fargo & Company raised their price target on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.23.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.