Knights of Columbus Asset Advisors LLC Raises Stock Holdings in Realty Income Corporation $O

Knights of Columbus Asset Advisors LLC lifted its stake in Realty Income Corporation (NYSE:O) by 22.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 175,918 shares of the real estate investment trust’s stock after acquiring an additional 32,826 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Realty Income were worth $10,694,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Mizuho dropped their price objective on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada upped their target price on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Tuesday, January 20th. Finally, Barclays lifted their price objective on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Realty Income has an average rating of “Hold” and an average target price of $62.71.

Realty Income Stock Up 1.1%

O stock opened at $60.72 on Friday. The firm has a market cap of $55.85 billion, a price-to-earnings ratio of 56.22, a PEG ratio of 3.86 and a beta of 0.80. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.95. The firm has a fifty day moving average price of $58.18 and a two-hundred day moving average price of $58.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 5.3%. Realty Income’s dividend payout ratio is presently 300.00%.

Realty Income Company 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.