Caitong International Asset Management Co. Ltd Grows Position in Realty Income Corporation $O

Caitong International Asset Management Co. Ltd raised its position in Realty Income Corporation (NYSE:O) by 14,952.6% in the second quarter, Holdings Channel reports. The fund owned 2,860 shares of the real estate investment trust’s stock after buying an additional 2,841 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Realty Income were worth $165,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in O. Nuveen LLC purchased a new stake in shares of Realty Income during the 1st quarter worth $207,573,000. Vanguard Group Inc. raised its stake in Realty Income by 2.4% in 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 buying an additional 3,274,853 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock worth $288,375,000 after buying an additional 1,055,840 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Realty Income by 9.6% during the 1st 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, Adelante Capital Management LLC boosted its position in shares of Realty Income by 1,380.2% during the 1st quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust’s stock worth $49,928,000 after acquiring an additional 802,526 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $60.25 on Friday. The stock has a fifty day moving average price of $59.37 and a 200 day moving average price of $57.68. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.68. 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 company has a market cap of $55.08 billion, a PE ratio of 58.49, a P/E/G ratio of 4.60 and a beta of 0.78.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a $0.2695 dividend. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is presently 313.59%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho raised their target price on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Cantor Fitzgerald initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price objective on the stock. Barclays upped their target price on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Finally, UBS Group boosted their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Realty Income has an average rating of “Hold” and a consensus price target of $62.58.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction that occurred 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 approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.