Geode Capital Management LLC Has $1.45 Billion Stock Position in Realty Income Co. (NYSE:O)

Geode Capital Management LLC boosted its holdings in shares of Realty Income Co. (NYSE:O) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,815,454 shares of the real estate investment trust’s stock after buying an additional 242,786 shares during the quarter. Geode Capital Management LLC’s holdings in Realty Income were worth $1,445,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of O. Lantz Financial LLC acquired a new stake in Realty Income during the second quarter worth approximately $234,000. Wedmont Private Capital acquired a new stake in Realty Income during the 2nd quarter worth approximately $218,000. Wealth Enhancement Advisory Services LLC boosted its stake in Realty Income by 7.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 138,986 shares of the real estate investment trust’s stock valued at $7,341,000 after purchasing an additional 9,890 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Realty Income by 19.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 69,419 shares of the real estate investment trust’s stock valued at $3,667,000 after buying an additional 11,539 shares in the last quarter. Finally, Atticus Wealth Management LLC increased its position in Realty Income by 12.6% during the 2nd quarter. Atticus Wealth Management LLC now owns 4,525 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 508 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 1.2 %

NYSE:O opened at $55.79 on Wednesday. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $48.83 billion, a PE ratio of 53.13, a P/E/G ratio of 3.95 and a beta of 0.98. The firm’s 50 day simple moving average is $59.59 and its 200 day simple moving average is $58.30.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 EPS. On average, research analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.264 dividend. Realty Income’s payout ratio is 300.96%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group lowered their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price target on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada lowered their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Wedbush began coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.67.

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.