Kornitzer Capital Management Inc. KS Invests $866,000 in Realty Income Corporation $O

Kornitzer Capital Management Inc. KS acquired a new stake in shares of Realty Income Corporation (NYSE:O) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,040 shares of the real estate investment trust’s stock, valued at approximately $866,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised 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 acquiring an additional 3,274,853 shares during the period. Dimensional Fund Advisors LP raised its stake 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 period. Invesco Ltd. lifted its holdings in Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock worth $662,589,000 after purchasing an additional 48,024 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Realty Income by 9.6% in 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 purchasing an additional 992,303 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Realty Income by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust’s stock valued at $586,644,000 after buying an additional 123,501 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.3%

O opened at $60.03 on Monday. The stock has a 50-day moving average of $59.40 and a 200 day moving average of $57.80. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $63.29. The firm has a market cap of $54.89 billion, a P/E ratio of 58.28, a P/E/G ratio of 4.58 and a beta of 0.78.

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 (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. Realty Income’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. As a group, research 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. 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) dividend on an annualized basis and a yield of 5.4%. Realty Income’s payout ratio is 313.59%.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

O has been the topic of several research analyst reports. Mizuho boosted their target price on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Barclays boosted their price target on shares of Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. UBS Group raised their price objective on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Cantor Fitzgerald began coverage on Realty Income in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 target price on the stock. Finally, Evercore ISI assumed coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $62.58.

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.