792 Shares in Realty Income Co. (NYSE:O) Purchased by Headlands Technologies LLC

Headlands Technologies LLC purchased a new stake in Realty Income Co. (NYSE:O) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 792 shares of the real estate investment trust’s stock, valued at approximately $42,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Realty Income by 18.3% during the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after purchasing an additional 20,848,560 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its stake in Realty Income by 213.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after acquiring an additional 1,478,577 shares during the period. Raymond James & Associates lifted its position in shares of Realty Income by 76.6% during the 2nd quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock valued at $177,844,000 after acquiring an additional 1,460,884 shares during the period. GRS Advisors LLC acquired a new stake in shares of Realty Income during the 4th quarter worth $58,843,000. Finally, Cullen Capital Management LLC bought a new position in shares of Realty Income in the fourth quarter worth $56,076,000. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 0.3 %

O opened at $62.50 on Wednesday. The stock has a market cap of $54.42 billion, a PE ratio of 57.87, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $63.39. The company has a fifty day moving average of $59.87 and a 200-day moving average of $55.52.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share. On average, sell-side analysts predict that Realty Income Co. will post 3.93 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a $0.2635 dividend. The ex-dividend date is Tuesday, October 1st. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. This represents a yield of 5%. Realty Income’s payout ratio is 292.59%.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on O shares. Scotiabank raised their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday. Robert W. Baird lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective 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. Royal Bank of Canada boosted their target price on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Wedbush initiated coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.59.

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.