QRG Capital Management Inc. Grows Stock Position in Realty Income Co. (NYSE:O)

QRG Capital Management Inc. raised its holdings in shares of Realty Income Co. (NYSE:O) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,220 shares of the real estate investment trust’s stock after acquiring an additional 3,249 shares during the quarter. QRG Capital Management Inc.’s holdings in Realty Income were worth $2,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parnassus Investments LLC lifted its position in shares of Realty Income by 7.4% in the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after acquiring an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC raised its stake in Realty Income by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after purchasing an additional 242,786 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after purchasing an additional 463,286 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Realty Income by 765.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock worth $478,556,000 after purchasing an additional 6,673,617 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Realty Income by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 5,847,484 shares of the real estate investment trust’s stock worth $312,314,000 after buying an additional 50,670 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average target price of $61.81.

Realty Income Stock Up 0.8 %

O opened at $57.03 on Friday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The firm has a 50 day moving average price of $54.25 and a 200 day moving average price of $57.93. 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 company has a market cap of $49.91 billion, a PE ratio of 54.31, a price-to-earnings-growth 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). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s payout ratio is currently 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.