Securian Asset Management Inc. Raises Stock Holdings in Realty Income Corporation $O

Securian Asset Management Inc. raised its position in shares of Realty Income Corporation (NYSE:O) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 47,215 shares of the real estate investment trust’s stock after acquiring an additional 933 shares during the quarter. Securian Asset Management Inc.’s holdings in Realty Income were worth $2,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of O. Nuveen LLC bought a new position in Realty Income during the first quarter valued at $207,573,000. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 3,274,853 shares during the period. Centersquare Investment Management LLC grew its holdings in Realty Income by 27.0% during the first quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock valued at $288,375,000 after purchasing an additional 1,055,840 shares during the period. Raymond James Financial Inc. grew its holdings in Realty Income by 9.6% during the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock valued at $658,813,000 after purchasing an additional 992,303 shares during the period. Finally, Adelante Capital Management LLC grew its holdings in Realty Income by 1,380.2% during the first quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust’s stock valued at $49,928,000 after purchasing an additional 802,526 shares during the period. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Realty Income Trading Down 1.0%

NYSE O opened at $60.03 on Wednesday. The stock’s 50-day simple moving average is $59.27 and its two-hundred day simple moving average is $57.61. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.68. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $54.89 billion, a price-to-earnings ratio of 58.29, a PEG ratio of 4.63 and a beta of 0.78.

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

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a $0.2695 dividend. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 5.4%. Realty Income’s payout ratio is currently 313.59%.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.