Securian Asset Management Inc. Raises Holdings in Realty Income Co. (NYSE:O)

Securian Asset Management Inc. boosted its position in shares of Realty Income Co. (NYSE:O) by 2.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 50,069 shares of the real estate investment trust’s stock after acquiring an additional 1,086 shares during the period. Securian Asset Management Inc.’s holdings in Realty Income were worth $2,645,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. American National Bank purchased a new stake in Realty Income in the fourth quarter worth $25,000. Vima LLC bought a new stake in Realty Income during the 4th quarter valued at about $25,000. Pacifica Partners Inc. boosted its position 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. Baystate Wealth Management LLC grew its stake in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its position in shares of Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Realty Income stock traded down $0.30 during midday trading on Monday, hitting $60.27. 2,255,789 shares of the company’s stock were exchanged, compared to its average volume of 6,141,095. The firm’s 50 day simple moving average is $55.23 and its 200 day simple moving average is $53.90. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $61.60. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market cap of $52.48 billion, a price-to-earnings ratio of 55.46, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. Realty Income’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. Equities research analysts predict that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The company also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.263 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s dividend payout ratio (DPR) is 291.67%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Robert W. Baird increased their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Scotiabank lifted their target price on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Mizuho lifted their price target on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Royal Bank of Canada boosted their price target on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, UBS Group increased their price objective on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. 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, the company presently has a consensus rating of “Hold” and an average price target of $61.57.

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.