First Trust Direct Indexing L.P. Grows Stock Holdings in Realty Income Co. (NYSE:O)

First Trust Direct Indexing L.P. grew its holdings in Realty Income Co. (NYSE:O) by 16.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,277 shares of the real estate investment trust’s stock after purchasing an additional 3,451 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Realty Income were worth $1,313,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Realty Income by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 113,920,054 shares of the real estate investment trust’s stock worth $6,541,290,000 after buying an additional 3,046,630 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Realty Income by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock worth $547,931,000 after buying an additional 227,621 shares during the last quarter. Norges Bank acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $506,526,000. APG Asset Management US Inc. increased its holdings in shares of Realty Income by 10.4% during the 4th quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock worth $472,083,000 after buying an additional 771,313 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Realty Income by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,522,670 shares of the real estate investment trust’s stock worth $431,951,000 after buying an additional 369,442 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on O. UBS Group cut their price target on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. Scotiabank raised their price target on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. KeyCorp initiated coverage on shares of Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Mizuho lifted their target price on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.35.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Stock Up 0.0 %

O stock traded up $0.02 during midday trading on Thursday, hitting $52.45. The company’s stock had a trading volume of 2,125,731 shares, compared to its average volume of 4,989,946. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The firm has a market capitalization of $45.67 billion, a P/E ratio of 48.56, a PEG ratio of 4.56 and a beta of 0.96. The firm has a 50-day simple moving average of $53.57 and a 200-day simple moving average of $54.02.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business earned $0.98 EPS. The business’s quarterly revenue was up 33.5% on a year-over-year basis. As a group, equities analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a $0.263 dividend. This represents a yield of 6%. The ex-dividend date is Monday, July 1st. This is a boost from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 292.59%.

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.