Realty Income Co. (NYSE:O) Stake Raised by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group raised its holdings in Realty Income Co. (NYSE:O) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,570 shares of the real estate investment trust’s stock after acquiring an additional 1,568 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Realty Income were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in O. Sanctuary Advisors LLC acquired a new position in shares of Realty Income in the 2nd quarter valued at $8,200,000. Cetera Investment Advisers boosted its holdings in shares of Realty Income by 2.4% in the second quarter. Cetera Investment Advisers now owns 974,442 shares of the real estate investment trust’s stock worth $51,470,000 after buying an additional 23,107 shares during the period. Pathway Financial Advisers LLC increased its position in shares of Realty Income by 1.5% in the second quarter. Pathway Financial Advisers LLC now owns 84,882 shares of the real estate investment trust’s stock worth $4,475,000 after acquiring an additional 1,291 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Realty Income by 110.0% during the second quarter. EP Wealth Advisors LLC now owns 39,001 shares of the real estate investment trust’s stock valued at $2,060,000 after acquiring an additional 20,427 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Realty Income by 51.8% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 13,262 shares of the real estate investment trust’s stock valued at $701,000 after acquiring an additional 4,524 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $62.99 on Wednesday. The stock has a market capitalization of $54.85 billion, a P/E ratio of 58.32, a P/E/G ratio of 4.34 and a beta of 0.99. The business has a 50-day moving average of $61.05 and a two-hundred day moving average of $56.22. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $63.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share 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 company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, equities research analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced 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. This represents a yield of 5%. The ex-dividend date is Tuesday, October 1st. This is an increase from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on O shares. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday. Scotiabank raised their price objective on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. upped their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research note 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. Based on data from MarketBeat, Realty Income presently has an average rating of “Hold” and an average target price of $62.80.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 1,712 shares of the 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 sale, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the 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 of the company’s stock, valued at $319,467.89. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.