National Bank of Canada FI Has $12.72 Million Position in Realty Income Co. (NYSE:O)

National Bank of Canada FI boosted its position in Realty Income Co. (NYSE:O) by 8.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,275 shares of the real estate investment trust’s stock after purchasing an additional 16,943 shares during the quarter. National Bank of Canada FI’s holdings in Realty Income were worth $12,723,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Manchester Capital Management LLC lifted its stake in Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares during the last quarter. Baystate Wealth Management LLC raised its stake in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Realty Income in the 4th quarter valued at approximately $29,000. Operose Advisors LLC bought a new stake in shares of Realty Income during the 3rd quarter valued at approximately $30,000. Finally, Orion Capital Management LLC bought a new position in Realty Income in the 3rd quarter valued at approximately $35,000. 70.81% of the stock is owned by institutional investors.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on O. Royal Bank of Canada upped their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus decreased their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. BMO Capital Markets began coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Finally, Mizuho cut their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.96.

Realty Income Stock Performance

NYSE O opened at $54.78 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $47.17 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 5.73 and a beta of 0.92. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The company has a 50-day simple moving average of $52.94 and a 200 day simple moving average of $53.74.

Realty Income (NYSE:O) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business earned $0.98 earnings per share. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, research analysts predict that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Announces Dividend

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.257 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s payout ratio is currently 285.19%.

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.