Realty Income Corporation $O Shares Purchased by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in shares of Realty Income Corporation (NYSE:O) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 425,226 shares of the real estate investment trust’s stock after acquiring an additional 13,631 shares during the period. TD Asset Management Inc’s holdings in Realty Income were worth $24,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 615 shares during the last quarter. Bison Wealth LLC purchased a new position in Realty Income during the fourth quarter worth $571,000. GAMMA Investing LLC increased its position in Realty Income by 5.2% during the first quarter. GAMMA Investing LLC now owns 12,180 shares of the real estate investment trust’s stock worth $707,000 after buying an additional 601 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Realty Income by 6.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 268,992 shares of the real estate investment trust’s stock worth $15,604,000 after acquiring an additional 15,593 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in shares of Realty Income by 18.6% in the first quarter. Cornerstone Wealth Management LLC now owns 4,840 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 758 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Scotiabank raised their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Cantor Fitzgerald started coverage on Realty Income in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price target on the stock. UBS Group upped their price objective 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. Finally, Barclays increased their price objective on shares of Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.25.

Insider Buying and Selling at Realty Income

In related 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 transaction, the director owned 19,211 shares in the company, 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 SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of Realty Income stock opened at $59.97 on Friday. The business’s fifty day moving average price is $59.16 and its 200 day moving average price is $57.55. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. 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 $54.83 billion, a P/E ratio of 58.22, a PEG ratio of 4.53 and a beta of 0.78.

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

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a $0.2695 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is currently 313.59%.

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.