Realty Income Co. (NYSE:O) Shares Purchased by Wrapmanager Inc.

Wrapmanager Inc. boosted its holdings in Realty Income Co. (NYSE:O) by 31.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,454 shares of the real estate investment trust’s stock after acquiring an additional 1,313 shares during the quarter. Wrapmanager Inc.’s holdings in Realty Income were worth $288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of O. American National Bank bought a new stake in shares of Realty Income during the 4th quarter worth $25,000. Vima LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $25,000. Pacifica Partners Inc. increased its stake 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 worth $26,000 after purchasing an additional 400 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Realty Income during the 1st quarter worth about $27,000. Finally, Bell Investment Advisors Inc lifted its stake in Realty Income by 69.6% during the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 217 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the 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 transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Realty Income Price Performance

Shares of O opened at $62.71 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $54.61 billion, a PE ratio of 58.06, a PEG ratio of 4.65 and a beta of 0.99. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $63.39. The firm’s 50 day moving average price is $59.49 and its 200 day moving average price is $55.35.

Realty Income (NYSE:O) last released its quarterly earnings data 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). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. As a group, research analysts expect that Realty Income Co. will post 3.93 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. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.2635 per share. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date is Tuesday, October 1st. This represents a dividend yield of 5%. Realty Income’s dividend payout ratio is currently 292.59%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. 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 report on Wednesday, August 28th. UBS Group boosted their target price on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Wedbush assumed coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. Robert W. Baird lifted their price target on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their price target on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.38.

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.