DnB Asset Management AS Buys 137,219 Shares of Realty Income Co. (NYSE:O)

DnB Asset Management AS grew its stake in shares of Realty Income Co. (NYSE:O) by 89.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 289,861 shares of the real estate investment trust’s stock after purchasing an additional 137,219 shares during the quarter. DnB Asset Management AS’s holdings in Realty Income were worth $15,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in O. Cerity Partners LLC raised its stake in Realty Income by 60.0% during the third quarter. Cerity Partners LLC now owns 86,934 shares of the real estate investment trust’s stock valued at $5,513,000 after buying an additional 32,600 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Realty Income by 3.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 621,476 shares of the real estate investment trust’s stock worth $39,414,000 after purchasing an additional 18,804 shares during the last quarter. Townsquare Capital LLC boosted its stake in Realty Income by 7.1% in the 3rd quarter. Townsquare Capital LLC now owns 97,284 shares of the real estate investment trust’s stock worth $6,170,000 after purchasing an additional 6,454 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Realty Income by 4.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 20,391 shares of the real estate investment trust’s stock valued at $1,293,000 after purchasing an additional 837 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its stake in Realty Income by 71.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 29,529 shares of the real estate investment trust’s stock valued at $1,873,000 after purchasing an additional 12,351 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on O. Scotiabank lowered their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Mizuho dropped their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Barclays boosted their target price on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Finally, Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Trading Up 0.8 %

Shares of Realty Income stock opened at $56.61 on Friday. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $50.47 billion, a P/E ratio of 53.91, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The firm has a 50-day simple moving average of $55.79 and a two-hundred day simple moving average of $57.32.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.2685 dividend. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 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.