Realty Income Co. (NYSE:O) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its position in shares of Realty Income Co. (NYSE:O) by 9.7% during the third quarter, HoldingsChannel reports. The fund owned 16,287 shares of the real estate investment trust’s stock after acquiring an additional 1,438 shares during the quarter. V Square Quantitative Management LLC’s holdings in Realty Income were worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacifica Partners Inc. lifted its holdings in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 400 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Realty Income during the 1st quarter worth approximately $27,000. Bell Investment Advisors Inc raised its holdings in shares of Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 217 shares during the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of Realty Income in the second quarter valued at $33,000. Finally, Riverview Trust Co acquired a new stake in shares of Realty Income during the first quarter valued at $34,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. Scotiabank raised their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Wedbush began coverage on Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. Finally, Stifel Nicolaus increased their target price on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $63.94.

Realty Income Stock Up 1.2 %

O opened at $64.71 on Friday. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.76. The firm has a 50 day moving average price of $62.03 and a 200 day moving average price of $57.05. 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 company has a market cap of $56.35 billion, a PE ratio of 59.91, a price-to-earnings-growth ratio of 4.32 and a beta of 0.99.

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 return on equity of 2.36% and a net margin of 17.89%. Realty Income’s revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. Sell-side analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.2635 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s payout ratio is 292.59%.

Insider Activity

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.