Pensionfund DSM Netherlands Has $7.52 Million Stock Holdings in Realty Income Co. (NYSE:O)

Pensionfund DSM Netherlands lessened its position in Realty Income Co. (NYSE:O) by 19.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,870 shares of the real estate investment trust’s stock after selling 35,000 shares during the period. Realty Income makes up 4.7% of Pensionfund DSM Netherlands’ holdings, making the stock its 5th largest position. Pensionfund DSM Netherlands’ holdings in Realty Income were worth $7,524,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of O. Nordea Investment Management AB grew its holdings in shares of Realty Income by 15.7% in the 4th quarter. Nordea Investment Management AB now owns 73,627 shares of the real estate investment trust’s stock worth $3,919,000 after acquiring an additional 9,998 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of Realty Income in the fourth quarter worth approximately $374,000. First Financial Bank Trust Division raised its holdings in shares of Realty Income by 4.5% during the fourth quarter. First Financial Bank Trust Division now owns 39,452 shares of the real estate investment trust’s stock valued at $2,107,000 after acquiring an additional 1,706 shares during the period. Principal Financial Group Inc. lifted its position in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after acquiring an additional 74,185 shares in the last quarter. Finally, SMART Wealth LLC boosted its stake in Realty Income by 34.5% in the 3rd quarter. SMART Wealth LLC now owns 18,753 shares of the real estate investment trust’s stock worth $1,189,000 after purchasing an additional 4,811 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. UBS Group cut their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Royal Bank of Canada lowered their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th. Finally, Barclays initiated coverage on Realty Income in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.23.

Realty Income Stock Performance

Shares of O stock traded down $0.13 during trading hours on Monday, reaching $53.15. 1,187,079 shares of the company’s stock were exchanged, compared to its average volume of 3,277,285. The business has a fifty day moving average price of $56.11 and a 200-day moving average price of $58.39. The stock has a market capitalization of $46.52 billion, a P/E ratio of 50.62, a P/E/G ratio of 2.05 and a beta of 1.00. 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 Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company earned $1.02 earnings per share. Realty Income’s revenue for the quarter was up 28.1% compared to the same quarter last year. Analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $0.264 dividend. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date is Thursday, January 2nd. Realty Income’s dividend payout ratio (DPR) is 300.95%.

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.