Insight Folios Inc Buys 11,806 Shares of Realty Income Co. (NYSE:O)

Insight Folios Inc grew its stake in shares of Realty Income Co. (NYSE:O) by 10.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,522 shares of the real estate investment trust’s stock after acquiring an additional 11,806 shares during the period. Realty Income comprises approximately 2.7% of Insight Folios Inc’s investment portfolio, making the stock its 15th biggest holding. Insight Folios Inc’s holdings in Realty Income were worth $6,683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SVB Wealth LLC grew its holdings in Realty Income by 53.8% in the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock worth $440,000 after purchasing an additional 2,677 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Realty Income in the fourth quarter worth $379,000. Dynamic Advisor Solutions LLC grew its holdings in Realty Income by 82.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock worth $670,000 after purchasing an additional 5,231 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Realty Income by 4.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after purchasing an additional 51,574 shares during the last quarter. Finally, LexAurum Advisors LLC purchased a new position in Realty Income in the fourth quarter worth $203,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Scotiabank boosted their price objective on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Mizuho boosted their price objective 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. UBS Group decreased their target price on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, KeyCorp started coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $61.35.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Realty Income Price Performance

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

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share 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 firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company earned $0.98 EPS. The business’s quarterly revenue was up 33.5% on a year-over-year basis. Equities analysts forecast that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a $0.263 dividend. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Monday, July 1st. Realty Income’s dividend payout ratio is currently 291.67%.

Realty Income Company 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.