Edgestream Partners L.P. Purchases New Shares in Realty Income Co. (NYSE:O)

Edgestream Partners L.P. acquired a new position in shares of Realty Income Co. (NYSE:O) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 71,962 shares of the real estate investment trust’s stock, valued at approximately $3,801,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Realty Income by 18.3% during the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after purchasing an additional 20,848,560 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Realty Income by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock worth $617,043,000 after buying an additional 413,865 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Realty Income by 2.2% in the first quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock valued at $498,514,000 after buying an additional 196,635 shares during the period. APG Asset Management US Inc. grew its holdings in Realty Income by 10.4% during 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 acquiring an additional 771,313 shares during the period. Finally, Centersquare Investment Management LLC raised its position in shares of Realty Income by 14.9% during the 1st quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust’s stock valued at $365,379,000 after acquiring an additional 885,852 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Wells Fargo & Company boosted their price objective on shares of Realty Income from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. JPMorgan Chase & Co. increased their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Finally, Royal Bank of Canada boosted their price target on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus price target of $62.59.

Realty Income Stock Down 0.3 %

NYSE:O opened at $62.50 on Wednesday. The stock has a 50-day simple moving average of $59.87 and a 200 day simple moving average of $55.52. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $63.39. The company has a market cap of $54.42 billion, a PE ratio of 57.87, a PEG ratio of 4.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. Realty Income’s revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share. On average, sell-side analysts expect that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.2635 per share. The ex-dividend date is Tuesday, October 1st. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. This represents a yield of 5%. Realty Income’s payout ratio is 292.59%.

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.