MGO One Seven LLC Acquires 100,645 Shares of Realty Income Corporation $O

MGO One Seven LLC lifted its holdings in Realty Income Corporation (NYSE:O) by 214.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,533 shares of the real estate investment trust’s stock after buying an additional 100,645 shares during the period. MGO One Seven LLC’s holdings in Realty Income were worth $8,969,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after purchasing an additional 3,624,852 shares during the period. State Street Corp increased its position in shares of Realty Income by 1.1% during the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after purchasing an additional 676,697 shares during the last quarter. Geode Capital Management LLC raised its holdings in Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after buying an additional 2,058,031 shares during the period. Raymond James Financial Inc. lifted its position in Realty Income by 5.8% in the second quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock worth $692,002,000 after buying an additional 654,958 shares during the last quarter. Finally, Norges Bank bought a new stake in Realty Income in the second quarter worth $676,500,000. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on O shares. Morgan Stanley upped their price target on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Mizuho dropped their price objective on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Evercore ISI started coverage on Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective on the stock. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $61.00 target price on shares of Realty Income in a research note on Thursday, December 18th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.23.

Realty Income Price Performance

O opened at $58.16 on Monday. The company has a market capitalization of $53.50 billion, a price-to-earnings ratio of 53.85, a PEG ratio of 3.74 and a beta of 0.80. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08. The business’s fifty day simple moving average is $57.09 and its 200-day simple moving average is $58.03.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.27 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. This is a positive change from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, December 31st. Realty Income’s payout ratio is presently 300.00%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.