Bank of New York Mellon Corp Has $343.09 Million Stock Holdings in Realty Income Corporation $O

Bank of New York Mellon Corp reduced its holdings in shares of Realty Income Corporation (NYSE:O) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,643,854 shares of the real estate investment trust’s stock after selling 169,320 shares during the quarter. Bank of New York Mellon Corp owned 0.62% of Realty Income worth $343,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in O. Heartwood Wealth Advisors LLC acquired a new position in Realty Income during the 3rd quarter valued at about $29,000. Avion Wealth boosted its position in shares of Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Realty Income during the second quarter valued at approximately $31,000. Country Trust Bank grew its holdings in Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 500 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in Realty Income in the 2nd quarter valued at $36,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

O has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price objective on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley upped their price objective on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $61.00 target price on shares of Realty Income in a research report on Thursday, December 18th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.71.

Realty Income Stock Performance

NYSE O opened at $60.72 on Friday. The company has a market capitalization of $55.85 billion, a PE ratio of 56.22, a price-to-earnings-growth ratio of 3.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.95. The company has a 50-day simple moving average of $58.18 and a 200 day simple moving average of $58.33.

Realty Income (NYSE:O) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be given a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s dividend payout ratio is currently 300.00%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.