Skandinaviska Enskilda Banken AB publ Raises Holdings in Realty Income Co. (NYSE:O)

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Realty Income Co. (NYSE:O) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,588 shares of the real estate investment trust’s stock after purchasing an additional 7,600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Realty Income were worth $9,153,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vestcor Inc boosted its position in Realty Income by 66.0% during the fourth quarter. Vestcor Inc now owns 132,602 shares of the real estate investment trust’s stock worth $7,082,000 after acquiring an additional 52,745 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Realty Income by 3.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 94,391 shares of the real estate investment trust’s stock worth $5,041,000 after acquiring an additional 3,316 shares during the last quarter. Great Lakes Advisors LLC boosted its position in Realty Income by 3.7% during the fourth quarter. Great Lakes Advisors LLC now owns 28,360 shares of the real estate investment trust’s stock worth $1,515,000 after acquiring an additional 1,013 shares during the last quarter. Hopwood Financial Services Inc. acquired a new stake in Realty Income during the fourth quarter worth approximately $29,000. Finally, HighTower Advisors LLC boosted its position in Realty Income by 1.7% during the fourth quarter. HighTower Advisors LLC now owns 380,420 shares of the real estate investment trust’s stock worth $20,318,000 after acquiring an additional 6,507 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on O. Mizuho decreased their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Scotiabank decreased their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Finally, Barclays lifted their price target on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

Shares of O stock opened at $56.79 on Friday. The company’s fifty day simple moving average is $55.11 and its 200-day simple moving average is $57.73. Realty Income Co. has a 52 week low of $50.65 and a 52 week 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 company has a market cap of $50.63 billion, a PE ratio of 54.09, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a yield of 5.7%. Realty Income’s payout ratio is 327.55%.

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.