KBC Group NV Has $39.55 Million Stock Position in Realty Income Co. (NYSE:O)

KBC Group NV increased its holdings in Realty Income Co. (NYSE:O - Free Report) by 391.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 623,658 shares of the real estate investment trust's stock after buying an additional 496,796 shares during the period. KBC Group NV owned 0.07% of Realty Income worth $39,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in O. Huntington National Bank raised its holdings in shares of Realty Income by 3.9% during the third quarter. Huntington National Bank now owns 168,933 shares of the real estate investment trust's stock valued at $10,714,000 after purchasing an additional 6,308 shares during the period. Plato Investment Management Ltd grew its position in Realty Income by 683.8% in the 3rd quarter. Plato Investment Management Ltd now owns 2,704 shares of the real estate investment trust's stock worth $171,000 after purchasing an additional 2,359 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Realty Income by 5.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 91,410 shares of the real estate investment trust's stock valued at $5,797,000 after acquiring an additional 4,982 shares during the period. Empower Advisory Group LLC bought a new position in shares of Realty Income during the 3rd quarter valued at approximately $208,000. Finally, Prime Capital Investment Advisors LLC boosted its holdings in Realty Income by 6.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 15,323 shares of the real estate investment trust's stock worth $972,000 after buying an additional 875 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of NYSE O traded up $0.46 during mid-day trading on Friday, hitting $56.53. 7,983,181 shares of the company were exchanged, compared to its average volume of 5,688,726. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $61.43 and a 200-day simple moving average of $57.96. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The firm has a market cap of $49.48 billion, a price-to-earnings ratio of 53.70, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 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 analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income's revenue was up 28.1% compared to the same quarter last year. During the same period last year, the business posted $1.02 EPS. On average, sell-side analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business 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. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a yield of 5.59%. Realty Income's payout ratio is 300.96%.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 1,712 shares of the company's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 6.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares of the company's stock, valued at approximately $319,467.89. The trade was a 48.75 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on O. UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday. Wells Fargo & Company reissued an "equal weight" rating and issued a $65.00 price target (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Mizuho cut shares of Realty Income from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $64.00 to $60.00 in a research report on Thursday. Wedbush initiated coverage on shares of Realty Income in a report on Monday, August 19th. They issued a "neutral" rating and a $64.00 target price for the company. Finally, Morgan Stanley reissued an "equal weight" rating and set a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.