Realty Income Co. (NYSE:O) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Realty Income Co. (NYSE:O - Free Report) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,729,229 shares of the real estate investment trust's stock after purchasing an additional 463,286 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.11% of Realty Income worth $617,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pacifica Partners Inc. lifted its holdings in Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust's stock worth $26,000 after buying an additional 400 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 211 shares in the last quarter. Creative Capital Management Investments LLC boosted its holdings in Realty Income by 133.3% in 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 purchasing an additional 300 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in Realty Income during the 2nd quarter valued at approximately $33,000. Finally, Headlands Technologies LLC acquired a new stake in Realty Income during the 2nd quarter valued at approximately $42,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

Shares of NYSE O traded up $0.31 during mid-day trading on Friday, reaching $57.70. 1,440,645 shares of the company traded hands, compared to its average volume of 5,634,118. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm has a market cap of $50.50 billion, a PE ratio of 54.76, a price-to-earnings-growth ratio of 4.02 and a beta of 0.99. The stock has a fifty day simple moving average of $60.87 and a 200-day simple moving average of $58.05. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results 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 net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $1.02 EPS. The company's quarterly revenue was up 28.1% compared to the same quarter last year. Equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 3rd. Stifel Nicolaus lowered their price objective on Realty Income from $70.50 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Robert W. Baird increased their target price on Realty Income from $57.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Royal Bank of Canada lowered their price target on Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Finally, UBS Group reduced their price objective on Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Realty Income has a consensus rating of "Hold" and an average target price 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.