PGGM Investments Buys 158,562 Shares of Realty Income Co. (NYSE:O)

PGGM Investments lifted its holdings in shares of Realty Income Co. (NYSE:O) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,713,531 shares of the real estate investment trust’s stock after purchasing an additional 158,562 shares during the quarter. Realty Income accounts for 1.5% of PGGM Investments’ holdings, making the stock its 16th largest position. PGGM Investments’ holdings in Realty Income were worth $98,391,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Baystate Wealth Management LLC increased its holdings in shares of Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares during the period. CVA Family Office LLC bought a new position in Realty Income in the fourth quarter valued at approximately $29,000. Manchester Capital Management LLC increased its stake in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 423 shares during the last quarter. FinTrust Capital Advisors LLC increased its stake in Realty Income by 302.1% in the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 429 shares during the last quarter. Finally, Operose Advisors LLC bought a new position in Realty Income in the third quarter valued at approximately $30,000. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on O. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. BMO Capital Markets started coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Royal Bank of Canada raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. Mizuho cut their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, Stifel Nicolaus cut their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.96.

Realty Income Trading Down 0.2 %

Shares of NYSE:O traded down $0.09 during mid-day trading on Friday, reaching $53.71. 6,861,575 shares of the company’s stock were exchanged, compared to its average volume of 5,076,704. The firm has a market capitalization of $46.25 billion, a price-to-earnings ratio of 42.64, a PEG ratio of 5.58 and a beta of 0.92. The business’s fifty day moving average price is $52.65 and its 200-day moving average price is $53.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. Realty Income’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. On average, research analysts predict that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

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.