Realty Income Co. (NYSE:O) Shares Bought by MQS Management LLC

MQS Management LLC grew its holdings in shares of Realty Income Co. (NYSE:O) by 151.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,260 shares of the real estate investment trust’s stock after purchasing an additional 11,008 shares during the period. Realty Income makes up approximately 0.6% of MQS Management LLC’s investment portfolio, making the stock its 8th largest holding. MQS Management LLC’s holdings in Realty Income were worth $964,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Vima LLC bought a new stake in shares of Realty Income during the 4th quarter worth about $25,000. Pacifica Partners Inc. boosted its stake in Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Realty Income during the 1st quarter valued at $27,000. Bell Investment Advisors Inc raised its stake in shares of Realty Income by 69.6% in the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 217 shares in the last quarter. Finally, Able Wealth Management LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the company’s 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 directly owns 26,579 shares in the company, valued at $1,663,313.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owns 5,257 shares in the company, valued at $319,467.89. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

Shares of O opened at $62.17 on Thursday. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $63.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $54.14 billion, a PE ratio of 57.56, a PEG ratio of 4.65 and a beta of 0.99. The company’s 50 day moving average price is $60.05 and its 200 day moving average price is $55.57.

Realty Income (NYSE:O) last posted 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 company had revenue of $1.34 billion during 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 company’s revenue was up 31.4% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. Research analysts expect that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a oct 24 dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a $0.2635 dividend. The ex-dividend date is Tuesday, October 1st. This represents a yield of 5%. This is an increase from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s dividend payout ratio is currently 292.59%.

Analyst Upgrades and Downgrades

Several brokerages have commented on O. KeyCorp started coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Robert W. Baird lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Wells Fargo & Company increased their price objective on Realty Income from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. lifted their target price on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.