Realty Income Co. (NYSE:O) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its holdings in shares of Realty Income Co. (NYSE:O) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 160,042 shares of the real estate investment trust’s stock after purchasing an additional 337 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Realty Income were worth $8,453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in 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 last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Realty Income by 213.3% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock valued at $124,708,000 after acquiring an additional 1,478,577 shares during the last quarter. Raymond James & Associates grew its position in Realty Income by 76.6% during the second 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 Realty Income during the fourth quarter worth about $58,843,000. Finally, Cullen Capital Management LLC acquired a new stake in Realty Income during the fourth quarter worth about $56,076,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 1.5 %

O stock opened at $61.63 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The firm has a 50 day simple moving average of $60.28 and a 200-day simple moving average of $55.67. The company has a market capitalization of $53.67 billion, a P/E ratio of 57.06, a PEG ratio of 4.65 and a beta of 0.99. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $63.39.

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

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research report on Tuesday, August 6th. Royal Bank of Canada lifted their target price on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. KeyCorp started coverage on Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Finally, Wedbush assumed coverage on Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.59.

Insiders Place Their Bets

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on 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 approximately $319,467.89. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction on Wednesday, September 11th. The stock was 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 disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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.