National Pension Service Has $126.25 Million Holdings in Realty Income Co. (NYSE:O)

National Pension Service increased its stake in Realty Income Co. (NYSE:O) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,990,617 shares of the real estate investment trust’s stock after buying an additional 212,377 shares during the quarter. National Pension Service’s holdings in Realty Income were worth $126,245,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Norden Group LLC acquired a new stake in Realty Income during the 1st quarter valued at $356,000. Diversify Advisory Services LLC acquired a new stake in Realty Income during the 1st quarter valued at $211,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Realty Income by 27.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,159 shares of the real estate investment trust’s stock valued at $10,280,000 after purchasing an additional 38,938 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in Realty Income during the 1st quarter valued at $103,000. Finally, Mutual of America Capital Management LLC lifted its holdings in Realty Income by 12.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 114,589 shares of the real estate investment trust’s stock valued at $6,199,000 after purchasing an additional 12,343 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Realty Income stock opened at $59.29 on Tuesday. Realty Income Co. has a 12-month low of $49.52 and a 12-month high of $64.88. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $62.23 and its two-hundred day moving average price is $57.82. The stock has a market cap of $51.63 billion, a PE ratio of 54.90, a P/E/G ratio of 4.09 and a beta of 0.99.

Realty Income (NYSE:O) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The business’s revenue was up 31.4% on a year-over-year basis. As a group, analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.2635 dividend. This represents a yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s dividend payout ratio is presently 292.59%.

Analyst Ratings Changes

O has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Wedbush initiated coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price for the company. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Royal Bank of Canada lifted their target price on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, UBS Group lifted their target price on Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.94.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Realty Income 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.