Realty Income Co. (NYSE:O) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 22,815,454 shares of the real estate investment trust's stock after acquiring an additional 242,786 shares during the period. Geode Capital Management LLC owned approximately 2.61% of Realty Income worth $1,445,036,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Rosenberg Matthew Hamilton raised its holdings in Realty Income by 75.4% during 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 lifted its stake in 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 worth $33,000 after purchasing an additional 300 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of Realty Income in the 2nd quarter valued at approximately $33,000. Headlands Technologies LLC acquired a new position in Realty Income in the 2nd quarter worth about $42,000. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Realty Income during the second quarter worth $42,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on O. Wedbush assumed coverage on Realty Income in a report on Monday, August 19th. They issued a "neutral" rating and a $64.00 target price on the stock. Royal Bank of Canada reduced their price objective on Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price target on shares of Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Scotiabank increased their price target on shares of Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Tuesday, September 17th. Finally, Mizuho lowered Realty Income from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $63.54.

Realty Income Stock Down 0.8 %

Shares of O traded down $0.45 during midday trading on Wednesday, reaching $55.33. The stock had a trading volume of 6,621,890 shares, compared to its average volume of 5,580,119. The company has a market cap of $48.43 billion, a price-to-earnings ratio of 52.65, a PEG ratio of 3.95 and a beta of 0.98. The company's fifty day simple moving average is $59.45 and its two-hundred day simple moving average is $58.32. 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 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 announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the business posted $1.02 earnings per share. Equities research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.264 per share. This is a positive change from Realty Income's previous jan 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 2nd. Realty Income's payout ratio is presently 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.