Swiss National Bank Purchases 35,100 Shares of Realty Income Co. (NYSE:O)

Swiss National Bank raised its holdings in Realty Income Co. (NYSE:O - Free Report) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,584,694 shares of the real estate investment trust's stock after acquiring an additional 35,100 shares during the period. Swiss National Bank owned about 0.30% of Realty Income worth $163,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Realty Income in the third quarter valued at about $896,000. RIA Advisory Group LLC bought a new stake in shares of Realty Income in the third quarter valued at about $316,000. Natixis Advisors LLC lifted its holdings in shares of Realty Income by 6.5% in the third quarter. Natixis Advisors LLC now owns 302,343 shares of the real estate investment trust's stock valued at $19,175,000 after purchasing an additional 18,409 shares in the last quarter. Coastline Trust Co bought a new stake in shares of Realty Income in the third quarter valued at about $175,000. Finally, KCM Investment Advisors LLC raised its holdings in Realty Income by 0.5% during the third quarter. KCM Investment Advisors LLC now owns 217,169 shares of the real estate investment trust's stock worth $13,773,000 after acquiring an additional 1,044 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Up 0.4 %

O stock traded up $0.23 during trading on Monday, reaching $56.77. The company had a trading volume of 4,154,936 shares, compared to its average volume of 5,682,093. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a market cap of $49.69 billion, a P/E ratio of 53.56, a PEG ratio of 3.98 and a beta of 0.99. The business has a 50 day moving average of $61.31 and a 200 day moving average of $58.04. 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 (NYSE:O - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $1.33 billion during 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%. Realty Income's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 EPS. As a group, sell-side 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 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 represents a $3.16 annualized dividend and a dividend yield of 5.57%. This is an increase from Realty Income's previous monthly dividend of $0.24. Realty Income's dividend payout ratio (DPR) is 300.95%.

Wall Street Analyst Weigh In

O has been the topic of several research analyst reports. Wedbush initiated coverage on Realty Income in a research note on Monday, August 19th. They issued a "neutral" rating and a $64.00 price objective on the stock. Scotiabank upped their target price on Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research report on Tuesday, September 17th. Stifel Nicolaus decreased their target price on Realty Income from $70.50 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company reissued an "equal weight" rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Finally, Morgan Stanley reissued an "equal weight" rating and set a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $63.85.

Insider Activity at Realty Income

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

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.