UniSuper Management Pty Ltd Boosts Stock Holdings in Realty Income Corporation $O

UniSuper Management Pty Ltd grew its stake in shares of Realty Income Corporation (NYSE:O) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 340,950 shares of the real estate investment trust’s stock after buying an additional 16,817 shares during the period. UniSuper Management Pty Ltd’s holdings in Realty Income were worth $20,726,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in O. Heartwood Wealth Advisors LLC acquired a new stake in Realty Income during the third quarter worth about $29,000. Avion Wealth raised its position in Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 309 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Realty Income during the second quarter worth about $31,000. Country Trust Bank boosted its position in shares of Realty Income by 806.5% in the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 500 shares during the period. Finally, Hilltop National Bank acquired a new stake in shares of Realty Income in the second quarter valued at about $36,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on O shares. Evercore ISI assumed coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target on the stock. Royal Bank Of Canada boosted their price objective on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Cantor Fitzgerald cut their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.71.

Realty Income Stock Performance

O stock opened at $60.74 on Friday. The stock’s 50 day simple moving average is $57.88 and its 200 day simple moving average is $58.25. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.95. The firm has a market cap of $55.88 billion, a P/E ratio of 56.24, a P/E/G ratio of 3.90 and a beta of 0.80. 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 released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm 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 firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

About Realty Income

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.