Invesco Ltd. Has $475.12 Million Stake in Realty Income Corporation $O

Invesco Ltd. trimmed its holdings in shares of Realty Income Corporation (NYSE:O) by 27.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,247,115 shares of the real estate investment trust’s stock after selling 3,174,858 shares during the period. Invesco Ltd. owned approximately 0.90% of Realty Income worth $475,116,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in O. Compagnie Lombard Odier SCmA acquired a new position in shares of Realty Income during the second quarter valued at about $25,000. Keystone Global Partners LLC purchased a new stake in shares of Realty Income during the first quarter valued at approximately $26,000. Avion Wealth raised its stake in shares of Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Realty Income in the second quarter valued at about $31,000. Finally, Country Trust Bank lifted its stake in Realty Income by 806.5% in the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on O. Barclays raised their price objective on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday. Evercore ISI began coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target for the company. UBS Group boosted their price objective on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Scotiabank raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Finally, Wall Street Zen upgraded shares of Realty Income from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Realty Income has a consensus rating of “Hold” and an average price target of $62.23.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Realty Income Stock Up 0.2%

Shares of NYSE O opened at $58.18 on Friday. The stock has a market capitalization of $53.52 billion, a price-to-earnings ratio of 53.87, a P/E/G ratio of 3.64 and a beta of 0.80. The firm’s 50-day moving average price is $58.35 and its 200-day moving average price is $57.92. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last posted 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. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. The business’s 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, equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared 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 is Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. Realty Income’s payout ratio is presently 299.07%.

Realty Income Company 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.