World Investment Advisors LLC Makes New Investment in Realty Income Co. (NYSE:O)

World Investment Advisors LLC bought a new stake in Realty Income Co. (NYSE:O - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 22,251 shares of the real estate investment trust's stock, valued at approximately $1,411,000.

Other large investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Realty Income by 765.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock worth $478,556,000 after buying an additional 6,673,617 shares during the period. Raymond James & Associates boosted its stake in shares of Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock valued at $410,932,000 after buying an additional 3,112,560 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Realty Income by 3,150.5% in the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock valued at $175,142,000 after buying an additional 2,675,266 shares in the last quarter. Parnassus Investments LLC raised its stake in shares of Realty Income by 7.4% during the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock worth $1,550,506,000 after buying an additional 1,676,293 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust's stock worth $137,502,000 after buying an additional 1,107,493 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on O shares. Wedbush initiated coverage on Realty Income in a research report on Monday, August 19th. They set a "neutral" rating and a $64.00 target price on the stock. Scotiabank raised their target price on Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research note on Tuesday, September 17th. Stifel Nicolaus lowered their price objective on shares of 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 reaffirmed an "equal weight" rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 3rd. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $63.58.

Realty Income Trading Up 0.4 %

O traded up $0.20 during trading on Friday, hitting $55.34. The company's stock had a trading volume of 3,899,139 shares, compared to its average volume of 5,566,161. The firm has a market capitalization of $48.43 billion, a P/E ratio of 52.71, a PEG ratio of 3.89 and a beta of 0.98. The stock's fifty day moving average price is $59.03 and its 200-day moving average price is $58.35. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 earnings per share. Analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.264 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a dividend yield of 5.7%. This is a positive change from Realty Income's previous jan 25 dividend of $0.26. Realty Income's payout ratio is 300.96%.

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.