CANADA LIFE ASSURANCE Co Boosts Stake in Realty Income Co. (NYSE:O)

CANADA LIFE ASSURANCE Co raised its position in Realty Income Co. (NYSE:O) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,694,049 shares of the real estate investment trust’s stock after purchasing an additional 95,116 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.19% of Realty Income worth $90,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of O. Raymond James Financial Inc. acquired a new stake in shares of Realty Income in the fourth quarter valued at about $553,572,000. Trust Co. of Vermont grew its position in Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after acquiring an additional 28,480 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after purchasing an additional 166,178 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after purchasing an additional 101,184 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after purchasing an additional 74,185 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Up 1.8 %

NYSE O opened at $58.27 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88. The company has a 50-day simple moving average of $56.11 and a 200-day simple moving average of $56.59. The firm has a market capitalization of $51.96 billion, a PE ratio of 55.49, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79.

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

Realty Income Dividend Announcement

The company also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Analyst Ratings Changes

O has been the topic of several analyst reports. Barclays lifted their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Mizuho upped their target price on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus decreased their price target on shares of 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.42.

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.