Vest Financial LLC Boosts Stock Position in Realty Income Corporation $O

Vest Financial LLC boosted its stake in shares of Realty Income Corporation (NYSE:O) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 945,055 shares of the real estate investment trust’s stock after acquiring an additional 24,884 shares during the quarter. Vest Financial LLC owned about 0.10% of Realty Income worth $57,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Realty Income by 2.5% in the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after purchasing an additional 3,624,852 shares during the period. State Street Corp grew its holdings in Realty Income by 1.1% during the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock worth $3,556,436,000 after acquiring an additional 676,697 shares during the period. Geode Capital Management LLC raised its position in Realty Income by 8.3% in the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after acquiring an additional 2,058,031 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Realty Income by 5.8% in the second quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock valued at $692,002,000 after acquiring an additional 654,958 shares during the period. Finally, Norges Bank purchased a new stake in shares of Realty Income during the 2nd quarter worth $676,500,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Tuesday. Royal Bank Of Canada lifted their price objective on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Morgan Stanley upped their target price on Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Mizuho dropped their target price on Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Barclays lifted their price target on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.71.

Realty Income Trading Up 0.3%

Shares of Realty Income stock opened at $61.63 on Wednesday. The business has a fifty day simple moving average of $57.62 and a 200-day simple moving average of $58.17. The firm has a market cap of $56.69 billion, a price-to-earnings ratio of 57.06, a price-to-earnings-growth ratio of 3.95 and a beta of 0.80. 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 fifty-two week low of $50.71 and a fifty-two week high of $61.94.

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 for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a $0.27 dividend. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 5.3%. Realty Income’s dividend payout ratio is currently 300.00%.

About Realty Income

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.