Financial Sense Advisors Inc. Grows Stock Position in Realty Income Co. (NYSE:O)

Financial Sense Advisors Inc. raised its position in Realty Income Co. (NYSE:O) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,039 shares of the real estate investment trust’s stock after acquiring an additional 3,291 shares during the quarter. Financial Sense Advisors Inc.’s holdings in Realty Income were worth $1,896,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Realty Income by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 113,920,054 shares of the real estate investment trust’s stock valued at $6,541,290,000 after purchasing an additional 3,046,630 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Realty Income by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock valued at $547,931,000 after acquiring an additional 227,621 shares in the last quarter. Legal & General Group Plc boosted its stake in Realty Income by 0.5% during the 3rd quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock valued at $443,588,000 after acquiring an additional 47,437 shares during the last quarter. Norges Bank acquired a new position in Realty Income during the 4th quarter worth $506,526,000. Finally, APG Asset Management US Inc. increased its position in shares of Realty Income by 10.4% in the 4th quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock worth $472,083,000 after purchasing an additional 771,313 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Up 0.0 %

O stock opened at $52.45 on Thursday. The firm’s 50-day moving average is $53.59 and its two-hundred day moving average is $54.03. The company has a market capitalization of $45.67 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 4.56 and a beta of 0.96. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. On average, analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a $0.263 dividend. The ex-dividend date is Monday, July 1st. This represents a dividend yield of 6%. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio is presently 292.59%.

Analyst Ratings Changes

Several equities analysts have recently commented on O shares. Scotiabank increased their price target on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. KeyCorp started coverage on Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Mizuho lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, UBS Group decreased their price target on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.35.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate 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.