KLP Kapitalforvaltning AS Invests $15.94 Million in Realty Income Co. (NYSE:O)

KLP Kapitalforvaltning AS acquired a new stake in Realty Income Co. (NYSE:O - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 298,508 shares of the real estate investment trust's stock, valued at approximately $15,943,000.

Several other large investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Realty Income during the fourth quarter worth about $553,572,000. Trust Co. of Vermont grew its stake in shares of Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock valued at $13,540,000 after purchasing an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after purchasing an additional 166,178 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after purchasing an additional 101,184 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after purchasing an additional 74,185 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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Realty Income Price Performance

Shares of O stock traded down $0.64 during trading hours on Tuesday, hitting $55.64. The company's stock had a trading volume of 6,716,384 shares, compared to its average volume of 4,986,044. 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 has a fifty day moving average of $55.60 and a 200-day moving average of $57.42. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The stock has a market cap of $49.60 billion, a price-to-earnings ratio of 52.99, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O - Get Free Report) last announced its 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This is a boost from Realty Income's previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income's dividend payout ratio (DPR) is currently 328.57%.

Analyst Ratings Changes

Several equities analysts have issued reports on O shares. Royal Bank of Canada dropped 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. Mizuho dropped their price target on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Scotiabank reduced their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus reduced their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $62.04.

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.