Bank of Nova Scotia Has $6.69 Million Holdings in Realty Income Co. (NYSE:O)

Bank of Nova Scotia increased its stake in Realty Income Co. (NYSE:O - Free Report) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,245 shares of the real estate investment trust's stock after purchasing an additional 7,655 shares during the period. Bank of Nova Scotia's holdings in Realty Income were worth $6,689,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Shelton Capital Management lifted its stake in shares of Realty Income by 41.1% in the 4th quarter. Shelton Capital Management now owns 4,933 shares of the real estate investment trust's stock valued at $263,000 after purchasing an additional 1,437 shares during the period. Employees Retirement System of Texas increased its holdings in Realty Income by 19.0% in the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after purchasing an additional 78,000 shares during the last quarter. Certior Financial Group LLC acquired a new position in Realty Income in the fourth quarter valued at about $229,000. Polymer Capital Management US LLC bought a new position in Realty Income during the fourth quarter worth about $256,000. Finally, Titleist Asset Management LLC acquired a new position in shares of Realty Income during the 4th quarter worth about $238,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada cut their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus cut their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Scotiabank decreased their price target on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Finally, Barclays boosted their target price on Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $62.42.

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Realty Income Stock Up 1.4 %

Realty Income stock traded up $0.82 during midday trading on Wednesday, reaching $57.83. The stock had a trading volume of 1,311,128 shares, compared to its average volume of 5,764,849. The stock has a market capitalization of $51.57 billion, a P/E ratio of 55.10, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The firm's fifty day simple moving average is $55.96 and its 200-day simple moving average is $56.62. 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 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's dividend payout ratio is 328.57%.

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.