AMF Tjanstepension AB Makes New Investment in Realty Income Co. (NYSE:O)

AMF Tjanstepension AB bought a new position in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 231,752 shares of the real estate investment trust’s stock, valued at approximately $12,378,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trust Co. of Vermont grew its holdings in shares of Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after acquiring an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Realty Income in the 3rd quarter worth approximately $896,000. Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after buying an additional 463,286 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock worth $93,850,000 after buying an additional 101,184 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Realty Income by 1.4% in the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after buying an additional 35,100 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of Realty Income stock opened at $58.48 on Friday. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The stock’s fifty day moving average is $54.73 and its 200 day moving average is $57.87. The stock has a market cap of $52.14 billion, a P/E ratio of 55.70, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.268 dividend. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio (DPR) is currently 327.55%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on O shares. Royal Bank of Canada cut their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Barclays upped their price objective on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.04.

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.