Nordea Investment Management AB Has $3.92 Million Stock Holdings in Realty Income Co. (NYSE:O)

Nordea Investment Management AB lifted its position in Realty Income Co. (NYSE:O - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,627 shares of the real estate investment trust's stock after buying an additional 9,998 shares during the period. Nordea Investment Management AB's holdings in Realty Income were worth $3,919,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of Realty Income during the second quarter worth $1,491,000. Quest Partners LLC raised its stake in shares of Realty Income by 9,558.3% in the 2nd quarter. Quest Partners LLC now owns 2,318 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 2,294 shares during the period. Prudential PLC lifted its holdings in shares of Realty Income by 42.4% in the second quarter. Prudential PLC now owns 14,103 shares of the real estate investment trust's stock valued at $745,000 after purchasing an additional 4,201 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Realty Income during the second quarter worth about $42,000. Finally, AGF Management Ltd. grew its holdings in shares of Realty Income by 3.3% during the second quarter. AGF Management Ltd. now owns 45,090 shares of the real estate investment trust's stock worth $2,382,000 after buying an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

NYSE:O traded down $0.78 during mid-day trading on Friday, reaching $51.73. The stock had a trading volume of 5,841,559 shares, compared to its average volume of 5,206,113. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a market capitalization of $45.27 billion, a PE ratio of 49.27, a P/E/G ratio of 2.05 and a beta of 1.00. 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 stock has a 50-day simple moving average of $55.34 and a two-hundred day simple moving average of $58.33.

Realty Income (NYSE:O - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business's revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS. On average, equities analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.264 dividend. This represents a yield of 5.7%. The ex-dividend date is Thursday, January 2nd. This is a boost from Realty Income's previous jan 25 dividend of $0.26. Realty Income's dividend payout ratio is presently 300.95%.

Analyst Upgrades and Downgrades

Several brokerages have commented on O. Royal Bank of Canada cut their price target on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price on the stock. Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday. Mizuho dropped their price objective on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Barclays initiated coverage on shares of Realty Income in a research note on Tuesday, December 17th. They issued an "equal weight" rating and a $59.00 target price for the company. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.50.

About Realty Income

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.