Bank of New York Mellon Corp Raises Stake in Realty Income Co. (NYSE:O)

Bank of New York Mellon Corp boosted its stake in shares of Realty Income Co. (NYSE:O) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,847,484 shares of the real estate investment trust’s stock after purchasing an additional 50,670 shares during the quarter. Bank of New York Mellon Corp’s holdings in Realty Income were worth $312,314,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont increased its stake in shares of Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after purchasing an additional 28,480 shares in the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Realty Income in the third quarter valued at approximately $896,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after acquiring an additional 463,286 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after purchasing an additional 101,184 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after acquiring an additional 35,100 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Down 0.3 %

Shares of Realty Income stock opened at $56.07 on Thursday. The business has a 50 day moving average price of $54.07 and a 200 day moving average price of $57.98. The company has a market capitalization of $49.07 billion, a P/E ratio of 53.40, a P/E/G ratio of 2.10 and a beta of 1.00. 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.

Realty Income (NYSE:O) last released its quarterly 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). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.268 dividend. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. This represents a yield of 5.7%. Realty Income’s payout ratio is 305.71%.

Analyst Ratings Changes

A number of research firms recently issued reports on O. UBS Group decreased their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays decreased their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.96.

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.