ProShare Advisors LLC Boosts Stock Holdings in Realty Income Co. (NYSE:O)

ProShare Advisors LLC grew its position in Realty Income Co. (NYSE:O) by 7.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,463,345 shares of the real estate investment trust’s stock after buying an additional 233,850 shares during the period. ProShare Advisors LLC owned 0.40% of Realty Income worth $182,934,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Profund Advisors LLC boosted its holdings in shares of Realty Income by 7.5% in the 2nd quarter. Profund Advisors LLC now owns 13,488 shares of the real estate investment trust’s stock valued at $712,000 after buying an additional 946 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in shares of Realty Income by 1.8% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 12,842 shares of the real estate investment trust’s stock valued at $678,000 after buying an additional 222 shares in the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of Realty Income by 11.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 44,128 shares of the real estate investment trust’s stock valued at $2,331,000 after buying an additional 4,570 shares in the last quarter. TPG Advisors LLC bought a new stake in shares of Realty Income in the 2nd quarter valued at about $291,000. Finally, Summit Trail Advisors LLC boosted its holdings in shares of Realty Income by 44.1% in the 2nd quarter. Summit Trail Advisors LLC now owns 5,974 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 1,828 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

O has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their target price on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Stifel Nicolaus lifted their target price on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. lifted their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. KeyCorp initiated coverage on shares of Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Robert W. Baird lifted their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $62.59.

Realty Income Stock Performance

Shares of NYSE O opened at $61.63 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The stock has a market cap of $53.67 billion, a price-to-earnings ratio of 57.06, a PEG ratio of 4.65 and a beta of 0.99. The company has a 50 day simple moving average of $60.28 and a two-hundred day simple moving average of $55.69. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $63.39.

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). The firm 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 revenue for the quarter 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. As a group, analysts predict that Realty Income Co. will post 3.93 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.2635 per share. This represents a dividend yield of 5%. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date is Tuesday, October 1st. Realty Income’s payout ratio is 292.59%.

Insider Activity

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