Wilmington Savings Fund Society FSB Buys New Stake in Realty Income Co. (NYSE:O)

Wilmington Savings Fund Society FSB purchased a new position in Realty Income Co. (NYSE:O) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,279 shares of the real estate investment trust’s stock, valued at approximately $1,032,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Parnassus Investments LLC increased its holdings in shares of Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after acquiring an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC increased its stake in Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after purchasing an additional 242,786 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Realty Income by 4.5% in the second quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock worth $647,492,000 after buying an additional 531,008 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Realty Income by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock worth $617,043,000 after buying an additional 413,865 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after buying an additional 463,286 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.4 %

O opened at $55.34 on Friday. The company has a fifty day moving average of $59.03 and a two-hundred day moving average of $58.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a market capitalization of $48.43 billion, a price-to-earnings ratio of 52.71, a PEG ratio of 3.89 and a beta of 0.98.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company posted $1.02 EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.264 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s payout ratio is presently 300.96%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on O shares. JPMorgan Chase & Co. raised their target price on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. UBS Group dropped their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Scotiabank increased their price target on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $64.00 to $60.00 in a research note on Thursday, November 14th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.58.

Realty Income 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.