Pensionfund Sabic Acquires 8,000 Shares of Realty Income Co. (NYSE:O)

Pensionfund Sabic increased its holdings in Realty Income Co. (NYSE:O) by 8.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,738 shares of the real estate investment trust’s stock after purchasing an additional 8,000 shares during the quarter. Realty Income accounts for about 1.5% of Pensionfund Sabic’s holdings, making the stock its 6th largest holding. Pensionfund Sabic’s holdings in Realty Income were worth $5,594,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of O. Parnassus Investments LLC raised its holdings in shares of Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after acquiring an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Realty Income by 1.1% during the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock worth $1,445,036,000 after purchasing an additional 242,786 shares in the last quarter. Legal & General Group Plc raised its stake in Realty Income by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock valued at $647,492,000 after purchasing an additional 531,008 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Realty Income by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock valued at $617,043,000 after purchasing an additional 413,865 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after purchasing an additional 463,286 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Scotiabank upped their price objective on shares of 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 reduced their price target 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. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. UBS Group reduced their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Royal Bank of Canada lowered their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.23.

Realty Income Stock Down 0.2 %

O stock traded down $0.13 during midday trading on Monday, hitting $53.15. The company’s stock had a trading volume of 1,187,079 shares, compared to its average volume of 3,277,285. The firm has a 50-day simple moving average of $56.11 and a 200-day simple moving average of $58.39. The firm has a market capitalization of $46.52 billion, a P/E ratio of 50.62, a PEG 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 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data 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 company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 earnings per share. As a group, equities analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

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

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.