Swiss National Bank Sells 124,500 Shares of Realty Income Co. (NYSE:O)

Swiss National Bank lessened its holdings in Realty Income Co. (NYSE:O) by 4.8% in the fourth quarter, HoldingsChannel reports. The fund owned 2,460,194 shares of the real estate investment trust’s stock after selling 124,500 shares during the period. Swiss National Bank’s holdings in Realty Income were worth $131,399,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Prime Capital Investment Advisors LLC increased its stake in Realty Income by 6.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 15,323 shares of the real estate investment trust’s stock worth $972,000 after acquiring an additional 875 shares during the period. Empower Advisory Group LLC acquired a new stake in shares of Realty Income during the 3rd quarter worth $208,000. Oppenheimer & Co. Inc. increased its position in shares of Realty Income by 5.8% in the third quarter. Oppenheimer & Co. Inc. now owns 91,410 shares of the real estate investment trust’s stock worth $5,797,000 after purchasing an additional 4,982 shares during the period. Plato Investment Management Ltd raised its stake in Realty Income by 683.8% in the third quarter. Plato Investment Management Ltd now owns 2,704 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 2,359 shares in the last quarter. Finally, Huntington National Bank lifted its position in Realty Income by 3.9% during the third quarter. Huntington National Bank now owns 168,933 shares of the real estate investment trust’s stock worth $10,714,000 after purchasing an additional 6,308 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

O has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Royal Bank of Canada decreased their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. UBS Group decreased their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, Barclays upped their price objective on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Stock Performance

Shares of O stock opened at $55.86 on Friday. The firm has a market capitalization of $49.80 billion, a price-to-earnings ratio of 53.20, a PEG ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $55.04 and its 200-day moving average price is $57.76. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio is presently 327.55%.

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.