Bank of Montreal Can Has $137.50 Million Stake in Realty Income Co. (NYSE:O)

Bank of Montreal Can raised its stake in Realty Income Co. (NYSE:O - Free Report) by 102.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,191,962 shares of the real estate investment trust's stock after purchasing an additional 1,107,493 shares during the quarter. Bank of Montreal Can owned about 0.25% of Realty Income worth $137,502,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Pacifica Partners Inc. grew its stake in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 400 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 211 shares in the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of Realty Income during the second quarter valued at about $33,000. Creative Capital Management Investments LLC grew its stake in shares of Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Realty Income during the second quarter valued at about $42,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

Realty Income stock traded up $0.29 during mid-day trading on Tuesday, hitting $57.74. The company's stock had a trading volume of 3,033,793 shares, compared to its average volume of 5,636,067. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $50.53 billion, a P/E ratio of 54.99, a P/E/G ratio of 4.04 and a beta of 0.99. The stock's fifty day moving average price is $60.56 and its two-hundred day moving average price is $58.15.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. The company's revenue for the quarter was up 28.1% on a year-over-year basis. Research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.2635 per share. This is a boost from Realty Income's previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Monday, December 2nd. Realty Income's payout ratio is currently 300.95%.

Insider Activity

In other news, Director Mary Hogan Preusse sold 1,712 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on O shares. Wells Fargo & Company reiterated an "equal weight" rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price target on Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 3rd. Scotiabank lifted their price target on Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Tuesday, September 17th. Wedbush started coverage on Realty Income in a research note on Monday, August 19th. They issued a "neutral" rating and a $64.00 price target for the company. Finally, Royal Bank of Canada cut their target price on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $63.85.

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.