Pensionfund DSM Netherlands Sells 35,000 Shares of Realty Income Co. (NYSE:O)

Pensionfund DSM Netherlands trimmed its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 140,870 shares of the real estate investment trust's stock after selling 35,000 shares during the quarter. Realty Income comprises about 4.7% of Pensionfund DSM Netherlands' portfolio, making the stock its 5th biggest holding. Pensionfund DSM Netherlands' holdings in Realty Income were worth $7,524,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Lantz Financial LLC bought a new position in Realty Income in the second quarter worth approximately $234,000. Foundations Investment Advisors LLC purchased a new stake in shares of Realty Income during the second quarter worth $377,000. TD Asset Management Inc boosted its stake in Realty Income by 5.7% in the 2nd quarter. TD Asset Management Inc now owns 398,935 shares of the real estate investment trust's stock worth $21,072,000 after purchasing an additional 21,466 shares during the period. National Bank of Canada FI boosted its position in shares of Realty Income by 23.9% in the second quarter. National Bank of Canada FI now owns 287,130 shares of the real estate investment trust's stock valued at $15,024,000 after acquiring an additional 55,394 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Realty Income by 4.5% in the second quarter. Victory Capital Management Inc. now owns 803,158 shares of the real estate investment trust's stock worth $42,423,000 after purchasing an additional 34,304 shares during the period. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company reiterated an "equal weight" rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Royal Bank of Canada reduced their target price 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. Barclays started coverage on shares of Realty Income in a research report on Tuesday, December 17th. They set an "equal weight" rating and a $59.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target on the stock. Finally, Scotiabank lifted their price objective on Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a report on Tuesday, September 17th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $63.23.

Realty Income Price Performance

Realty Income stock traded down $0.58 during trading on Monday, reaching $52.70. The company had a trading volume of 6,843,641 shares, compared to its average volume of 5,302,695. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm's 50-day simple moving average is $56.11 and its 200 day simple moving average is $58.39. The firm has a market capitalization of $46.12 billion, a PE ratio of 50.19, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. 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 results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. The business's revenue was up 28.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

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.