Creative Planning Purchases 50,169 Shares of Realty Income Co. (NYSE:O)

Creative Planning grew its position in shares of Realty Income Co. (NYSE:O) by 24.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 259,481 shares of the real estate investment trust’s stock after purchasing an additional 50,169 shares during the quarter. Creative Planning’s holdings in Realty Income were worth $13,706,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. CWA Asset Management Group LLC purchased a new stake in Realty Income during the 4th quarter valued at about $379,000. Texas Permanent School Fund Corp boosted its holdings in Realty Income by 15.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after acquiring an additional 22,440 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Realty Income by 4.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock valued at $77,124,000 after acquiring an additional 51,574 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Realty Income by 17.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after acquiring an additional 171,166 shares during the period. Finally, Cullen Capital Management LLC purchased a new stake in Realty Income during the 4th quarter valued at about $56,076,000. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on O shares. JPMorgan Chase & Co. increased 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. UBS Group increased their target price on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Scotiabank increased their target price on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. Wells Fargo & Company increased their price objective on Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Finally, Stifel Nicolaus increased their price objective on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.59.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s 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 transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s 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 transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s 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 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 owned by corporate insiders.

Realty Income Stock Up 1.2 %

Shares of NYSE:O opened at $63.46 on Tuesday. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $63.49. The firm has a market capitalization of $55.26 billion, a P/E ratio of 58.76, a P/E/G ratio of 4.34 and a beta of 0.99. The stock has a 50 day moving average price of $60.94 and a 200-day moving average price of $56.15. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last announced its earnings results 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 return on equity of 3.27% and a net margin of 17.89%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company posted $1.00 EPS. The firm’s revenue was up 31.4% on a year-over-year basis. As a group, equities research analysts anticipate that Realty Income Co. will post 4.2 EPS 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 given a dividend of $0.2635 per share. This represents a yield of 5%. The ex-dividend date is Tuesday, October 1st. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 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.