430,576 Shares in Realty Income Corporation $O Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG acquired a new position in Realty Income Corporation (NYSE:OFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 430,576 shares of the real estate investment trust’s stock, valued at approximately $26,175,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after purchasing an additional 3,624,852 shares in the last quarter. State Street Corp boosted its stake 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 worth $3,556,436,000 after purchasing an additional 676,697 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 2,058,031 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Realty Income by 5.8% in the second 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 buying an additional 654,958 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Realty Income in the second quarter valued at about $676,500,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Down 0.5%

Shares of NYSE O opened at $60.43 on Tuesday. The stock has a market capitalization of $55.59 billion, a price-to-earnings ratio of 55.95, a price-to-earnings-growth ratio of 3.90 and a beta of 0.80. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $61.95. The firm has a 50-day moving average price of $57.95 and a 200 day moving average price of $58.28. 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:OGet Free Report) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company 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% on a year-over-year basis. During the same period last year, the firm earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company 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 dividend of $0.27 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s payout ratio is 300.00%.

Realty Income News Roundup

Here are the key news stories impacting Realty Income this week:

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Evercore ISI started coverage on Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target for the company. Cantor Fitzgerald cut their price target on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.71.

Read Our Latest Research Report on O

Realty Income Profile

(Free Report)

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.

Read More

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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