Schroder Investment Management Group Acquires 1,728,082 Shares of Realty Income Corporation $O

Schroder Investment Management Group raised its stake in shares of Realty Income Corporation (NYSE:O) by 420.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,139,550 shares of the real estate investment trust’s stock after purchasing an additional 1,728,082 shares during the quarter. Schroder Investment Management Group owned 0.23% of Realty Income worth $123,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Realty Income in the 2nd quarter valued at $676,500,000. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after acquiring an additional 3,624,852 shares during the period. Nuveen LLC acquired a new stake in shares of Realty Income in the 1st quarter valued at $207,573,000. Geode Capital Management LLC grew its holdings in shares of Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after purchasing an additional 2,058,031 shares during the last quarter. Finally, ABN Amro Investment Solutions bought a new stake in shares of Realty Income in the 2nd quarter worth about $70,939,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target for the company. Barclays boosted their target price on Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Scotiabank raised their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Mizuho lifted their price objective on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Finally, UBS Group increased their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus price target of $62.15.

Realty Income Stock Up 0.7%

NYSE:O opened at $57.55 on Friday. The company has a market cap of $52.94 billion, a price-to-earnings ratio of 55.87, a P/E/G ratio of 4.46 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s fifty day moving average price is $58.49 and its two-hundred day moving average price is $57.87. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.08.

Realty Income (NYSE:O) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.2695 per share. The ex-dividend date is Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 5.6%. Realty Income’s dividend payout ratio is presently 299.07%.

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.