Forsta AP Fonden Acquires 51,600 Shares of Realty Income Co. (NYSE:O)

Forsta AP Fonden grew its holdings in shares of Realty Income Co. (NYSE:O) by 34.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 200,400 shares of the real estate investment trust’s stock after buying an additional 51,600 shares during the quarter. Forsta AP Fonden’s holdings in Realty Income were worth $10,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American National Bank purchased a new stake in shares of Realty Income during the 4th quarter valued at $25,000. Vima LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at $25,000. WASHINGTON TRUST Co lifted its holdings in shares of Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Realty Income during the 1st quarter valued at $27,000. Finally, Baystate Wealth Management LLC lifted its holdings in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on O shares. Mizuho upped their target price on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. UBS Group cut their target price on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Scotiabank increased their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Finally, KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $61.35.

Realty Income Stock Up 0.4 %

Realty Income stock opened at $55.96 on Monday. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a 50 day moving average price of $53.49 and a 200 day moving average price of $53.83. The company has a market capitalization of $48.73 billion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 4.85 and a beta of 0.97.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business posted $0.98 EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. Research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.263 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 292.59%.

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.