Forsta AP Fonden Purchases 3,300 Shares of Realty Income Co. (NYSE:O)

Forsta AP Fonden increased its position in shares of Realty Income Co. (NYSE:O) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 198,900 shares of the real estate investment trust’s stock after buying an additional 3,300 shares during the period. Forsta AP Fonden’s holdings in Realty Income were worth $10,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Regal Investment Advisors LLC lifted its position in Realty Income by 53.0% during the 2nd quarter. Regal Investment Advisors LLC now owns 6,413 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 2,221 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Realty Income by 51.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 13,262 shares of the real estate investment trust’s stock worth $701,000 after acquiring an additional 4,524 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Realty Income during the second quarter valued at approximately $8,200,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Realty Income by 117.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 630,500 shares of the real estate investment trust’s stock valued at $33,303,000 after purchasing an additional 340,500 shares in the last quarter. Finally, First Financial Bank Trust Division acquired a new position in shares of Realty Income during the 3rd quarter worth approximately $2,394,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

NYSE:O opened at $54.31 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $47.53 billion, a price-to-earnings ratio of 51.73, a P/E/G ratio of 1.93 and a beta of 1.00. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The firm’s 50-day simple moving average is $54.57 and its 200 day simple moving average is $58.43.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 EPS. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.264 per share. The ex-dividend date is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s payout ratio is 301.91%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on O shares. UBS Group decreased their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Scotiabank dropped their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Realty Income in a report on Monday. Finally, Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.04.

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.