Siemens Fonds Invest GmbH Purchases 4,365 Shares of Realty Income Co. (NYSE:O)

Siemens Fonds Invest GmbH grew its holdings in shares of Realty Income Co. (NYSE:O) by 39.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,303 shares of the real estate investment trust’s stock after buying an additional 4,365 shares during the period. Siemens Fonds Invest GmbH’s holdings in Realty Income were worth $817,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Realty Income during the fourth quarter valued at about $624,666,000. Raymond James Financial Inc. bought a new stake in Realty Income during the 4th quarter worth approximately $553,572,000. Northern Trust Corp lifted its stake in Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock worth $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Realty Income by 26.7% in the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock valued at $205,628,000 after purchasing an additional 811,037 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after purchasing an additional 658,240 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on O. Scotiabank increased their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Mizuho upped their target price on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Royal Bank of Canada dropped their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Barclays restated an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus raised their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.15.

Realty Income Stock Up 1.6%

Shares of O opened at $56.30 on Friday. Realty Income Co. has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a 50 day simple moving average of $56.31 and a two-hundred day simple moving average of $55.73. The firm has a market cap of $50.85 billion, a P/E ratio of 53.62, a P/E/G ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $1.03 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a $0.2685 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income’s dividend payout ratio is currently 292.73%.

Realty Income Company 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.