Mutual of America Capital Management LLC Acquires 778 Shares of Realty Income Co. (NYSE:O)

Mutual of America Capital Management LLC raised its holdings in Realty Income Co. (NYSE:O) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,367 shares of the real estate investment trust’s stock after purchasing an additional 778 shares during the period. Mutual of America Capital Management LLC’s holdings in Realty Income were worth $6,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vima LLC bought a new position in shares of Realty Income in the fourth quarter worth $25,000. Pacifica Partners Inc. increased its holdings in Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Realty Income in the 1st quarter valued at approximately $27,000. Bell Investment Advisors Inc lifted its holdings 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 acquiring an additional 217 shares during the period. Finally, Able Wealth Management LLC acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Wedbush assumed coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. Robert W. Baird upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. UBS Group raised their target price on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Wells Fargo & Company upped their price target on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.59.

Realty Income Stock Performance

Shares of O stock opened at $61.63 on Friday. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $63.39. 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 company has a market cap of $53.67 billion, a price-to-earnings ratio of 57.06, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The firm has a 50 day moving average of $60.28 and a 200-day moving average of $55.67.

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 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 business 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 company posted $1.00 EPS. The business’s quarterly revenue was up 31.4% on a year-over-year basis. On average, equities analysts forecast that Realty Income Co. will post 3.93 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced 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%. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s payout ratio is presently 292.59%.

Insider Activity

In other news, 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction 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 owns 26,579 shares in the company, valued at approximately $1,663,313.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value 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 approximately $319,467.89. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.