Liberty One Investment Management LLC Buys 3,248 Shares of Realty Income Corporation $O

Liberty One Investment Management LLC lifted its stake in shares of Realty Income Corporation (NYSE:O) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,424 shares of the real estate investment trust’s stock after purchasing an additional 3,248 shares during the period. Liberty One Investment Management LLC’s holdings in Realty Income were worth $5,152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norinchukin Bank The raised its stake in shares of Realty Income by 9.7% during the 1st quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock worth $4,929,000 after purchasing an additional 7,497 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of Realty Income by 2.7% during the 2nd quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock worth $15,134,000 after purchasing an additional 6,885 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Realty Income by 5.3% during the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock worth $23,018,000 after acquiring an additional 19,965 shares during the last quarter. Community Bank of Raymore increased its holdings in shares of Realty Income by 19.7% during 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 acquiring an additional 24,467 shares during the last quarter. Finally, 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 acquiring an additional 8,297 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Evercore ISI assumed coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price on the stock. Cantor Fitzgerald assumed coverage on Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 target price on the stock. UBS Group boosted their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, Mizuho boosted their target price on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.58.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the 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 owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Realty Income Stock Up 1.2%

O stock opened at $60.64 on Tuesday. 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 stock has a market capitalization of $55.44 billion, a price-to-earnings ratio of 58.87, a PEG ratio of 4.58 and a beta of 0.78. The business’s fifty day moving average price is $59.23 and its two-hundred day moving average price is $57.60. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. On average, equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a dividend of $0.2695 per share. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.3%. Realty Income’s dividend payout ratio (DPR) is presently 313.59%.

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.