Nordea Investment Management AB Acquires 9,998 Shares of Realty Income Co. (NYSE:O)

Nordea Investment Management AB grew its stake in Realty Income Co. (NYSE:O) by 15.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,627 shares of the real estate investment trust’s stock after acquiring an additional 9,998 shares during the quarter. Nordea Investment Management AB’s holdings in Realty Income were worth $3,919,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Everence Capital Management Inc. acquired a new stake in Realty Income during the 4th quarter worth $374,000. First Financial Bank Trust Division raised its position in shares of Realty Income by 4.5% during the fourth quarter. First Financial Bank Trust Division now owns 39,452 shares of the real estate investment trust’s stock worth $2,107,000 after purchasing an additional 1,706 shares during the period. Principal Financial Group Inc. grew its position in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after purchasing an additional 74,185 shares during the period. SMART Wealth LLC increased its stake in Realty Income by 34.5% during the 3rd quarter. SMART Wealth LLC now owns 18,753 shares of the real estate investment trust’s stock worth $1,189,000 after purchasing an additional 4,811 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in Realty Income by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 690,995 shares of the real estate investment trust’s stock worth $43,823,000 after buying an additional 15,714 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

NYSE:O opened at $51.73 on Friday. The stock has a market capitalization of $45.27 billion, a PE ratio of 49.27, a P/E/G ratio of 2.05 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $55.34 and a 200 day simple moving average of $58.29. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted $1.02 earnings per share. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, research analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal 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 paid a $0.264 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s dividend payout ratio is 300.95%.

Wall Street Analysts Forecast Growth

O has been the subject of several research analyst reports. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Mizuho dropped their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday. Royal Bank of Canada reduced their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $62.50.

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.