AQR Capital Management LLC Acquires 49,629 Shares of Realty Income Co. (NYSE:O)

AQR Capital Management LLC boosted its holdings in shares of Realty Income Co. (NYSE:O) by 23.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 264,829 shares of the real estate investment trust’s stock after acquiring an additional 49,629 shares during the quarter. AQR Capital Management LLC’s holdings in Realty Income were worth $13,835,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vima LLC bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $25,000. Pacifica Partners Inc. raised its position 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 purchased a new stake in shares of Realty Income in the 1st quarter worth $27,000. Bell Investment Advisors Inc grew its position in shares of Realty Income by 69.6% during 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 purchased a new position in shares of Realty Income during the fourth quarter valued at $32,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on O shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday. Stifel Nicolaus lifted their price objective on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a report on Wednesday, August 28th. KeyCorp began coverage on Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. UBS Group lifted their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. upped 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. Ten equities research 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 stock currently has a consensus rating of “Hold” and a consensus target price of $62.80.

Realty Income Stock Down 0.7 %

O stock opened at $62.99 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $63.60. The stock has a market capitalization of $54.85 billion, a PE ratio of 58.32, a price-to-earnings-growth ratio of 4.34 and a beta of 0.99. The firm has a 50 day moving average of $61.05 and a 200 day moving average of $56.22.

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 for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. Realty Income’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period last year, the firm earned $1.00 earnings per share. Sell-side analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

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

Insider Buying and Selling

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

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.