Wellington Management Group LLP Has $11.70 Million Stock Position in Realty Income Co. (NYSE:O)

Wellington Management Group LLP grew its position in Realty Income Co. (NYSE:O) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 184,524 shares of the real estate investment trust’s stock after acquiring an additional 1,194 shares during the quarter. Wellington Management Group LLP’s holdings in Realty Income were worth $11,703,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in shares of Realty Income by 1.7% during the 3rd quarter. Stifel Financial Corp now owns 1,183,181 shares of the real estate investment trust’s stock valued at $75,039,000 after purchasing an additional 20,249 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Realty Income by 27.8% during the third quarter. Quantinno Capital Management LP now owns 62,286 shares of the real estate investment trust’s stock valued at $3,950,000 after buying an additional 13,553 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in shares of Realty Income by 2.5% in the third quarter. Royal London Asset Management Ltd. now owns 352,925 shares of the real estate investment trust’s stock worth $22,290,000 after buying an additional 8,688 shares during the last quarter. IHT Wealth Management LLC boosted its stake in shares of Realty Income by 7.3% during the 3rd quarter. IHT Wealth Management LLC now owns 32,172 shares of the real estate investment trust’s stock worth $2,039,000 after acquiring an additional 2,185 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Realty Income by 2.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 40,129 shares of the real estate investment trust’s stock valued at $2,545,000 after acquiring an additional 923 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on O shares. Royal Bank of Canada reduced their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. UBS Group cut their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.58.

Realty Income Trading Up 0.4 %

Shares of O opened at $55.34 on Monday. The stock’s 50-day moving average price is $59.03 and its 200 day moving average price is $58.40. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $48.43 billion, a price-to-earnings ratio of 52.71, a P/E/G ratio of 3.89 and a beta of 0.98. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.02 EPS. As a group, research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $0.264 dividend. This represents a yield of 5.7%. The ex-dividend date is Thursday, January 2nd. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s dividend payout ratio is 300.96%.

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.