Mather Group LLC. Boosts Stock Position in Realty Income Co. (NYSE:O)

Mather Group LLC. boosted its holdings in Realty Income Co. (NYSE:O) by 69.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,945 shares of the real estate investment trust’s stock after buying an additional 4,079 shares during the quarter. Mather Group LLC.’s holdings in Realty Income were worth $538,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of O. American National Bank acquired a new position in Realty Income in the fourth quarter valued at $25,000. Vima LLC acquired a new position in Realty Income in the fourth quarter valued at $25,000. WASHINGTON TRUST Co boosted its stake in Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 197 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Realty Income in the first quarter valued at $27,000. Finally, Baystate Wealth Management LLC boosted its stake in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE:O traded up $1.26 during mid-day trading on Tuesday, reaching $60.44. The stock had a trading volume of 9,099,301 shares, compared to its average volume of 6,171,235. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market capitalization of $52.62 billion, a price-to-earnings ratio of 55.23, a PEG ratio of 5.05 and a beta of 0.96. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $61.35. The business has a 50 day simple moving average of $54.55 and a 200 day simple moving average of $53.77.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business earned $1.00 EPS. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.263 dividend. The ex-dividend date is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. KeyCorp assumed coverage on shares of Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating for the company. Mizuho increased their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research note on Tuesday. Stifel Nicolaus increased their target price on shares of Realty Income from $65.00 to $67.50 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Robert W. Baird increased their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.29.

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.