BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 90,136 Shares of Realty Income Co. (NYSE:O)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Realty Income Co. (NYSE:O - Free Report) by 34.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 348,801 shares of the real estate investment trust's stock after purchasing an additional 90,136 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Realty Income were worth $21,880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacifica Partners Inc. lifted its stake in shares of Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 400 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 211 shares in the last quarter. Creative Capital Management Investments LLC lifted its stake in Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 300 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in Realty Income in the 2nd quarter worth approximately $33,000. Finally, Headlands Technologies LLC purchased a new stake in Realty Income in the 2nd quarter worth approximately $42,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company reiterated an "equal weight" rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Royal Bank of Canada decreased their price target 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. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. UBS Group decreased their price target on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Finally, Wedbush started coverage on shares of Realty Income in a report on Monday, August 19th. They issued a "neutral" rating and a $64.00 price target on the stock. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Realty Income has an average rating of "Hold" and an average price target of $63.85.

Realty Income Trading Up 0.1 %

O traded up $0.06 during trading on Friday, hitting $57.45. 3,277,844 shares of the stock traded hands, compared to its average volume of 5,454,204. The firm has a market capitalization of $50.28 billion, a P/E ratio of 54.71, a price-to-earnings-growth ratio of 4.04 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50-day moving average of $60.76 and a 200 day moving average of $58.07. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS 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 company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the business posted $1.02 earnings per share. The company's revenue for the quarter was up 28.1% on a year-over-year basis. Equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given 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 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income's dividend payout ratio (DPR) is 300.96%.

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.