Presima Securities ULC Buys 1,153 Shares of Realty Income Corporation $O

Presima Securities ULC lifted its stake in Realty Income Corporation (NYSE:O) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,605 shares of the real estate investment trust’s stock after buying an additional 1,153 shares during the period. Realty Income comprises 0.7% of Presima Securities ULC’s portfolio, making the stock its 22nd biggest holding. Presima Securities ULC’s holdings in Realty Income were worth $3,146,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in O. Compagnie Lombard Odier SCmA acquired a new position in shares of Realty Income in the 2nd quarter worth approximately $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income in the 1st quarter worth approximately $26,000. Avion Wealth raised its holdings in shares of Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 309 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Realty Income in the 2nd quarter worth approximately $36,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Realty Income by 87.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 303 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

NYSE:O opened at $58.00 on Friday. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $61.08. The firm has a 50 day moving average of $59.37 and a 200-day moving average of $57.91. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $53.03 billion, a P/E ratio of 56.32, a price-to-earnings-growth ratio of 4.46 and a beta of 0.78.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. As a group, sell-side analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $0.2695 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. Realty Income’s dividend payout ratio (DPR) is currently 313.59%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Evercore ISI started coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price for the company. Mizuho lifted their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Finally, UBS Group lifted their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.58.

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.