Geode Capital Management LLC Increases Stock Position in Realty Income Corporation $O

Geode Capital Management LLC raised its holdings in shares of Realty Income Corporation (NYSE:O) by 8.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,979,134 shares of the real estate investment trust’s stock after acquiring an additional 2,058,031 shares during the quarter. Geode Capital Management LLC’s holdings in Realty Income were worth $1,548,687,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. United Asset Strategies Inc. boosted its position in shares of Realty Income by 3.7% during the second quarter. United Asset Strategies Inc. now owns 127,794 shares of the real estate investment trust’s stock valued at $7,362,000 after buying an additional 4,568 shares during the last quarter. Tobam boosted its holdings in shares of Realty Income by 47.1% during the 2nd quarter. Tobam now owns 828 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 265 shares during the last quarter. Wealth Alliance LLC grew its stake in shares of Realty Income by 2.9% in the second quarter. Wealth Alliance LLC now owns 28,279 shares of the real estate investment trust’s stock worth $1,629,000 after acquiring an additional 792 shares during the period. M&G PLC lifted its position in Realty Income by 11.1% during the second quarter. M&G PLC now owns 3,509 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 352 shares during the period. Finally, KBC Group NV lifted its position in Realty Income by 26.1% during the second quarter. KBC Group NV now owns 202,410 shares of the real estate investment trust’s stock valued at $11,661,000 after purchasing an additional 41,897 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on O shares. UBS Group raised their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Mizuho increased their price objective on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Scotiabank upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Cantor Fitzgerald decreased their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.33.

Realty Income Stock Down 0.4%

Shares of O stock opened at $56.93 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a one year low of $50.71 and a one year high of $61.08. The company’s fifty day moving average price is $59.13 and its 200-day moving average price is $57.86. The company has a market capitalization of $52.37 billion, a price-to-earnings ratio of 55.28, a PEG ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business posted $1.05 EPS. Realty Income’s revenue for the quarter was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Sell-side analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $0.2695 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 299.07%.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

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.