UniSuper Management Pty Ltd Purchases 17,926 Shares of Realty Income Co. (NYSE:O)

UniSuper Management Pty Ltd lifted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 315,418 shares of the real estate investment trust's stock after buying an additional 17,926 shares during the period. UniSuper Management Pty Ltd's holdings in Realty Income were worth $16,846,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of O. Lee Danner & Bass Inc. bought a new position in Realty Income during the fourth quarter worth about $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income in the fourth quarter valued at $29,000. Sierra Ocean LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at $32,000. Millstone Evans Group LLC bought a new stake in Realty Income in the fourth quarter worth $34,000. Finally, BankPlus Trust Department purchased a new position in Realty Income in the 4th quarter worth approximately $37,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

O has been the topic of a number of research analyst reports. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Scotiabank reduced their price target on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price on the stock. Barclays increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Finally, Mizuho cut their price objective on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $62.04.

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Realty Income Stock Up 2.6 %

O stock opened at $58.05 on Tuesday. 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. The stock has a market capitalization of $51.76 billion, a P/E ratio of 55.29, a P/E/G ratio of 2.10 and a beta of 1.00. The business has a fifty day moving average price of $55.86 and a 200-day moving average price of $57.21.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. This is a boost from Realty Income's previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income's dividend payout ratio is presently 328.57%.

Realty Income Company 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.