Resources Management Corp CT ADV Purchases 2,408 Shares of Realty Income Co. (NYSE:O)

Resources Management Corp CT ADV lifted its position in shares of Realty Income Co. (NYSE:O) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,842 shares of the real estate investment trust’s stock after buying an additional 2,408 shares during the quarter. Resources Management Corp CT ADV’s holdings in Realty Income were worth $2,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CWA Asset Management Group LLC bought a new stake in Realty Income during the fourth quarter valued at about $379,000. Texas Permanent School Fund Corp boosted its position in Realty Income by 15.0% during the first quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after purchasing an additional 22,440 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Realty Income by 4.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after acquiring an additional 51,574 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Realty Income by 17.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock worth $61,208,000 after purchasing an additional 171,166 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Realty Income by 5.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 330,673 shares of the real estate investment trust’s stock worth $18,987,000 after purchasing an additional 16,831 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income 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 directly owns 5,257 shares in the company, valued at $319,467.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income 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 directly owns 5,257 shares in the company, valued at $319,467.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The shares were 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 of the company’s stock, valued at approximately $1,663,313.82. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Realty Income Stock Performance

NYSE:O opened at $62.32 on Tuesday. The company’s 50-day moving average price is $60.40 and its 200-day moving average price is $55.79. 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 company has a market cap of $54.27 billion, a P/E ratio of 57.70, a P/E/G 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 released 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). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, sell-side analysts forecast that Realty Income Co. will post 3.93 earnings per share 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 given a dividend of $0.2635 per share. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. This represents a yield of 5%. The ex-dividend date is Tuesday, October 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. 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 note on Wednesday, August 28th. Robert W. Baird raised their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Wells Fargo & Company raised their price objective on Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. raised their price objective on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Wedbush assumed coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.59.

Realty Income 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.