Swiss National Bank Sells 124,500 Shares of Realty Income Co. (NYSE:O)

Swiss National Bank cut its stake in Realty Income Co. (NYSE:O) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,460,194 shares of the real estate investment trust’s stock after selling 124,500 shares during the quarter. Swiss National Bank owned 0.28% of Realty Income worth $131,399,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Tcfg Wealth Management LLC lifted its holdings in Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after acquiring an additional 186 shares in the last quarter. Romano Brothers AND Company raised its position in shares of Realty Income by 2.0% during the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 200 shares during the period. Bay Rivers Group lifted its holdings in shares of Realty Income by 1.0% during the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock valued at $1,103,000 after purchasing an additional 200 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Realty Income by 11.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 218 shares during the period. Finally, Howard Capital Management Inc. grew its position in shares of Realty Income by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 229 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on O shares. Barclays raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. BNP Paribas cut shares of 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. Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Scotiabank dropped their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Finally, UBS Group reduced their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average price target of $62.04.

Realty Income Stock Down 0.9 %

NYSE:O opened at $55.86 on Friday. The firm has a market capitalization of $49.80 billion, a price-to-earnings ratio of 53.20, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The stock’s 50 day moving average price is $55.04 and its two-hundred day moving average price is $57.76.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is currently 327.55%.

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.