Seamount Financial Group Inc. Acquires New Stake in Realty Income Corporation $O

Seamount Financial Group Inc. acquired a new stake in shares of Realty Income Corporation (NYSE:O) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,599 shares of the real estate investment trust’s stock, valued at approximately $380,000.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Realty Income by 2.4% during the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after acquiring an additional 3,274,853 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust’s stock valued at $702,381,000 after purchasing an additional 451,307 shares during the last quarter. Invesco Ltd. increased its stake in 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 valued at $662,589,000 after purchasing an additional 48,024 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Realty Income by 9.6% in the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock worth $658,813,000 after buying an additional 992,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Realty Income by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust’s stock worth $586,644,000 after buying an additional 123,501 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group increased their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Evercore ISI assumed coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price for the company. Barclays upped their price target on Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. Cantor Fitzgerald assumed coverage on Realty Income in a research report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price objective on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus price target of $62.25.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Realty Income Price Performance

NYSE O opened at $59.90 on Tuesday. The stock has a market capitalization of $54.77 billion, a price-to-earnings ratio of 58.16, a PEG ratio of 4.62 and a beta of 0.78. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The business’s fifty day moving average price is $58.79 and its 200-day moving average price is $57.41.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $1.07 EPS. The business’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a $0.2695 dividend. The ex-dividend date is Wednesday, October 1st. This is a boost from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.4%. Realty Income’s payout ratio is 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.