Headlands Technologies LLC Acquires Shares of 792 Realty Income Co. (NYSE:O)

Headlands Technologies LLC purchased a new position in shares of Realty Income Co. (NYSE:O) during the second quarter, according to its most recent disclosure 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 hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Realty Income in the 4th quarter valued at $1,120,000. PNC Financial Services Group Inc. lifted its holdings in shares of Realty Income by 25.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 89,018 shares of the real estate investment trust’s stock worth $5,111,000 after purchasing an additional 17,806 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Realty Income by 7.3% in the 4th quarter. D.A. Davidson & CO. now owns 227,626 shares of the real estate investment trust’s stock worth $13,070,000 after buying an additional 15,546 shares in the last quarter. Assetmark Inc. increased its stake in shares of Realty Income by 11.2% during the fourth quarter. Assetmark Inc. now owns 43,231 shares of the real estate investment trust’s stock valued at $2,482,000 after acquiring an additional 4,368 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Realty Income by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 804,167 shares of the real estate investment trust’s stock worth $46,175,000 after purchasing an additional 2,365 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Realty Income

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

Realty Income Trading Down 0.3 %

O opened at $62.50 on Wednesday. The stock has a market capitalization of $54.42 billion, a P/E ratio of 57.87, a P/E/G ratio of 4.65 and a beta of 0.99. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $63.39. The firm’s fifty day simple moving average is $59.87 and its 200 day simple moving average is $55.52. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last released its 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). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business posted $1.00 EPS. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, research analysts anticipate that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on O shares. Stifel Nicolaus raised their price objective on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. UBS Group lifted their price target on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Scotiabank increased their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research report on Tuesday, August 6th. Finally, Wedbush started coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.