Securian Asset Management Inc. boosted its position in shares of Realty Income Co. (NYSE:O – Free Report) 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 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.
Get Our Latest Research Report on Realty Income
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.
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