Pathway Financial Advisers LLC Acquires 1,291 Shares of Realty Income Co. (NYSE:O)

Pathway Financial Advisers LLC increased its stake in Realty Income Co. (NYSE:O) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,882 shares of the real estate investment trust’s stock after acquiring an additional 1,291 shares during the period. Realty Income makes up approximately 1.6% of Pathway Financial Advisers LLC’s investment portfolio, making the stock its 12th biggest position. Pathway Financial Advisers LLC’s holdings in Realty Income were worth $4,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after acquiring an additional 20,848,560 shares during the last quarter. Legal & General Group Plc lifted its holdings in Realty Income by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock valued at $647,492,000 after buying an additional 531,008 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Realty Income by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock worth $617,043,000 after acquiring an additional 413,865 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Realty Income by 2.2% during the first quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock worth $498,514,000 after acquiring an additional 196,635 shares during the period. Finally, APG Asset Management US Inc. raised its stake in shares of Realty Income by 3.1% during the second quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust’s stock valued at $454,502,000 after acquiring an additional 265,000 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’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 sale, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of the company’s 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 transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on 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 approximately $319,467.89. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

O has been the topic of several research reports. KeyCorp began coverage on Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Wedbush initiated coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Royal Bank of Canada boosted their price target 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. 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. Finally, Robert W. Baird upped 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. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus target price of $62.59.

Realty Income Stock Performance

O opened at $63.46 on Tuesday. The company has a market cap of $55.26 billion, a P/E ratio of 58.76, a price-to-earnings-growth ratio of 4.34 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. The firm’s 50-day moving average price is $60.94 and its 200-day moving average price is $56.15. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $63.49.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company 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 company’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. As a group, equities analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed 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 represents a yield of 5%. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date of this dividend is Tuesday, October 1st. Realty Income’s payout ratio is presently 292.59%.

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.