Realty Income Corporation $O Stock Holdings Lifted by Private Management Group Inc.

Private Management Group Inc. grew its stake in shares of Realty Income Corporation (NYSE:O) by 4.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 560,522 shares of the real estate investment trust’s stock after acquiring an additional 25,461 shares during the period. Private Management Group Inc.’s holdings in Realty Income were worth $32,292,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norinchukin Bank The grew its stake in shares of Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock worth $4,929,000 after acquiring an additional 7,497 shares during the last quarter. Trust Co. of Vermont boosted its holdings in Realty Income by 2.7% in the 2nd quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock valued at $15,134,000 after purchasing an additional 6,885 shares during the period. Community Bank of Raymore grew its position in Realty Income by 19.7% in the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock worth $8,636,000 after purchasing an additional 24,467 shares during the last quarter. Venture Visionary Partners LLC increased its holdings in shares of Realty Income by 6.2% during the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock worth $8,266,000 after purchasing an additional 8,297 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock worth $662,589,000 after purchasing an additional 48,024 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Up 0.6%

O stock opened at $56.62 on Friday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.08. 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 business’s 50 day moving average is $58.75 and its 200-day moving average is $57.83. The firm has a market cap of $52.09 billion, a P/E ratio of 54.97, a P/E/G ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. Realty Income’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. Equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.2695 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 5.7%. Realty Income’s dividend payout ratio is presently 299.07%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Mizuho increased 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. Royal Bank Of Canada raised their price objective on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Cantor Fitzgerald decreased their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research report on Wednesday. Finally, Wall Street Zen raised Realty Income from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.33.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated 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 transaction, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

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.