Allspring Global Investments Holdings LLC Boosts Holdings in Realty Income Co. (NYSE:O)

Allspring Global Investments Holdings LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,067 shares of the real estate investment trust’s stock after buying an additional 255 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Realty Income were worth $2,168,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 113,920,054 shares of the real estate investment trust’s stock worth $6,541,290,000 after acquiring an additional 3,046,630 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Realty Income by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock worth $547,931,000 after acquiring an additional 227,621 shares during the period. Legal & General Group Plc boosted its holdings in shares of Realty Income by 0.5% during the 3rd quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock valued at $443,588,000 after buying an additional 47,437 shares in the last quarter. Norges Bank purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $506,526,000. Finally, APG Asset Management US Inc. raised its position in shares of Realty Income by 10.4% in the 4th quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock worth $472,083,000 after purchasing an additional 771,313 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O traded up $0.18 during mid-day trading on Tuesday, hitting $52.54. 642,764 shares of the company were exchanged, compared to its average volume of 6,343,807. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The stock has a market cap of $45.75 billion, a price-to-earnings ratio of 48.65, a price-to-earnings-growth ratio of 4.60 and a beta of 0.97. The company has a 50 day moving average of $53.63 and a 200-day moving average of $54.11.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 EPS. Analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.263 per share. The ex-dividend date is Monday, July 1st. This represents a dividend yield of 6%. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 291.67%.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on 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 sale, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group cut their price target on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Mizuho increased their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. Scotiabank boosted their target price on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Finally, KeyCorp started coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.35.

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.