Realty Income Co. (NYSE:O) Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Realty Income Co. (NYSE:O) by 34.8% in the third quarter, HoldingsChannel.com reports. The firm owned 348,801 shares of the real estate investment trust’s stock after acquiring an additional 90,136 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Realty Income were worth $21,880,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of O. Pacifica Partners Inc. lifted its holdings in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares during the period. MFA Wealth Advisors LLC purchased a new stake in Realty Income in the second quarter valued at approximately $33,000. Creative Capital Management Investments LLC boosted its holdings in shares of Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Realty Income during the second quarter worth approximately $42,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.1 %

Shares of NYSE O opened at $57.45 on Friday. The stock has a market capitalization of $50.28 billion, a price-to-earnings ratio of 54.71, a price-to-earnings-growth ratio of 4.02 and a beta of 0.99. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The firm has a 50-day moving average price of $60.76 and a 200 day moving average price of $58.07. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last posted 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business posted $1.02 earnings per share. Realty Income’s revenue was up 28.1% on a year-over-year basis. Equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.2635 dividend. The ex-dividend date is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.50%. This is a boost from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio (DPR) is currently 300.95%.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Wedbush initiated coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 target price for the company. UBS Group lowered their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Finally, Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $64.00 to $60.00 in a research note on Thursday, November 14th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.85.

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.