Realty Income Co. (NYSE:O) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its holdings in Realty Income Co. (NYSE:O) by 15.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,994 shares of the real estate investment trust’s stock after purchasing an additional 9,874 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Realty Income were worth $3,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Argent Trust Co lifted its holdings in shares of Realty Income by 36.5% during the second quarter. Argent Trust Co now owns 5,907 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 1,580 shares during the last quarter. Wealth Alliance raised its holdings in Realty Income by 33.8% during the 2nd quarter. Wealth Alliance now owns 28,124 shares of the real estate investment trust’s stock worth $1,486,000 after buying an additional 7,103 shares during the period. Mutual of America Capital Management LLC raised its holdings in Realty Income by 0.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 115,367 shares of the real estate investment trust’s stock worth $6,094,000 after buying an additional 778 shares during the period. L & S Advisors Inc purchased a new stake in Realty Income during the second quarter valued at about $2,115,000. Finally, Edgestream Partners L.P. acquired a new position in shares of Realty Income in the second quarter worth about $3,801,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

O has been the subject of several research analyst reports. KeyCorp assumed coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Morgan Stanley restated an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Scotiabank lifted their price target on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday. JPMorgan Chase & Co. increased 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, UBS Group lifted their target price on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. 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, Realty Income has an average rating of “Hold” and an average price target of $62.59.

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 value of $107,136.96. Following 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred 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 $319,467.89. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were 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 of the company’s stock, valued at $1,663,313.82. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Realty Income Price Performance

NYSE O opened at $60.69 on Friday. 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 stock has a market capitalization of $52.85 billion, a PE ratio of 56.19, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $63.39. The company has a 50 day moving average price of $60.16 and a two-hundred day moving average price of $55.60.

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 net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, equities analysts predict that Realty Income Co. will post 3.93 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a oct 24 dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a $0.2635 dividend. This represents a dividend yield of 5%. This is an increase 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%.

About Realty Income

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.