Norges Bank Invests $624.67 Million in Realty Income Co. (NYSE:O)

Norges Bank bought a new stake in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,695,684 shares of the real estate investment trust’s stock, valued at approximately $624,666,000. Norges Bank owned about 1.34% of Realty Income as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Realty Income during the fourth quarter valued at approximately $553,572,000. Trust Co. of Vermont lifted its stake in shares of Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after purchasing an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock worth $40,656,000 after purchasing an additional 166,178 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Realty Income by 6.0% during the fourth 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, Principal Financial Group Inc. raised its holdings in Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after buying an additional 74,185 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.8 %

O stock opened at $56.61 on Friday. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $55.79 and its 200-day moving average is $57.32. The firm has a market cap of $50.47 billion, a P/E ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings data 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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Analyst Ratings Changes

A number of brokerages have recently commented on O. Scotiabank lowered their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Barclays boosted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Royal Bank of Canada dropped their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.04.

About Realty Income

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.