Korea Investment CORP Acquires 24,074 Shares of Realty Income Co. (NYSE:O)

Korea Investment CORP lifted its stake in Realty Income Co. (NYSE:O) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 635,235 shares of the real estate investment trust’s stock after buying an additional 24,074 shares during the period. Korea Investment CORP owned approximately 0.07% of Realty Income worth $33,928,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of O. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income in the fourth quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new stake in Realty Income in the 4th quarter worth approximately $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income in the 4th quarter worth approximately $32,000. Millstone Evans Group LLC purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $34,000. Finally, BankPlus Trust Department bought a new position in shares of Realty Income during the fourth quarter valued at approximately $37,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Trading Up 0.8 %

Realty Income stock opened at $56.61 on Friday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a market capitalization of $50.47 billion, a price-to-earnings ratio of 53.91, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The business’s fifty day simple moving average is $55.79 and its two-hundred day simple moving average is $57.32. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

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

Realty Income Increases Dividend

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

Analysts Set New Price Targets

O has been the topic of several recent analyst reports. 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. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Mizuho lowered their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. 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 report on Wednesday, February 26th. Finally, Stifel Nicolaus decreased their target price 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. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.04.

Realty Income Company 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.