OVERSEA CHINESE BANKING Corp Ltd Has $5.54 Million Holdings in Realty Income Corporation $O

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Realty Income Corporation (NYSE:O) by 552.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,177 shares of the real estate investment trust’s stock after buying an additional 77,212 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Realty Income were worth $5,543,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of O. Vanguard Group Inc. increased its position in Realty Income by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after buying an additional 3,624,852 shares during the period. State Street Corp lifted its position in Realty Income by 1.1% during the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock worth $3,556,436,000 after purchasing an additional 676,697 shares during the period. Geode Capital Management LLC lifted its position in Realty Income by 8.3% during the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after purchasing an additional 2,058,031 shares during the period. Raymond James Financial Inc. grew its stake in Realty Income by 5.8% during the second quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock worth $692,002,000 after buying an additional 654,958 shares in the last quarter. Finally, Norges Bank bought a new position in Realty Income in the 2nd quarter valued at about $676,500,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on O shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $61.00 price target on shares of Realty Income in a report on Thursday, December 18th. Morgan Stanley boosted their price objective on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. Wells Fargo & Company raised their target price on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Royal Bank Of Canada lifted their price target on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Mizuho dropped their price objective on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.23.

Realty Income Trading Up 1.7%

O opened at $60.27 on Thursday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.08. The company has a fifty day moving average of $57.25 and a 200-day moving average of $58.07. The stock has a market cap of $55.44 billion, a PE ratio of 55.80, a price-to-earnings-growth ratio of 3.81 and a beta of 0.80. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s quarterly revenue 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. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s payout ratio is currently 300.00%.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.