Swiss National Bank Has $163.92 Million Stock Holdings in Realty Income Co. (NYSE:O)

Swiss National Bank boosted its holdings in shares of Realty Income Co. (NYSE:O) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,584,694 shares of the real estate investment trust’s stock after buying an additional 35,100 shares during the quarter. Swiss National Bank’s holdings in Realty Income were worth $163,921,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of O. Blair William & Co. IL increased its position in Realty Income by 15.3% during the first quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock worth $947,000 after buying an additional 2,321 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Realty Income by 15.8% during the first quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock worth $882,000 after buying an additional 2,220 shares during the last quarter. M&G Plc acquired a new position in Realty Income during the first quarter worth $286,000. Mitsubishi UFJ Trust & Banking Corp increased its position in Realty Income by 8.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 432,111 shares of the real estate investment trust’s stock worth $23,375,000 after buying an additional 34,040 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in Realty Income by 40.5% during the first quarter. Intech Investment Management LLC now owns 22,941 shares of the real estate investment trust’s stock worth $1,241,000 after buying an additional 6,609 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on O shares. Robert W. Baird increased their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Royal Bank of Canada decreased their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Wedbush started coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company. Finally, Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $64.00 to $60.00 in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.85.

Realty Income Stock Up 0.8 %

NYSE O opened at $56.54 on Monday. 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 firm has a 50-day simple moving average of $61.31 and a 200 day simple moving average of $58.04. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The stock has a market cap of $49.48 billion, a PE ratio of 53.85, a PEG ratio of 3.98 and a beta of 0.99.

Realty Income (NYSE:O) last announced 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 firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 EPS. On average, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This is a boost from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 5.59%. Realty Income’s dividend payout ratio (DPR) is currently 300.95%.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This trade represents a 48.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now directly 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 disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.