Machina Capital S.A.S. Acquires 7,044 Shares of Realty Income Corporation $O

Machina Capital S.A.S. grew its holdings in Realty Income Corporation (NYSE:O) by 28.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,884 shares of the real estate investment trust’s stock after purchasing an additional 7,044 shares during the quarter. Machina Capital S.A.S.’s holdings in Realty Income were worth $1,837,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of O. Nuveen LLC bought a new position in shares of Realty Income in the 1st quarter valued at about $207,573,000. Vanguard Group Inc. raised its position in shares of Realty Income by 2.4% in the 1st 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. Centersquare Investment Management LLC raised its position in shares of Realty Income by 27.0% in the 1st 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 acquiring an additional 1,055,840 shares during the period. Raymond James Financial Inc. raised its position in shares of 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 valued at $658,813,000 after acquiring an additional 992,303 shares during the period. Finally, Adelante Capital Management LLC raised its position in shares of Realty Income by 1,380.2% in the 1st quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust’s stock valued at $49,928,000 after acquiring an additional 802,526 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of O opened at $58.00 on Monday. The stock has a market capitalization of $53.03 billion, a P/E ratio of 56.32, a P/E/G ratio of 4.46 and a beta of 0.78. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.08. The company has a 50 day moving average of $59.37 and a 200-day moving average of $57.93. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings results 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 business 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%.Realty Income’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 earnings per share. As a group, equities research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.2695 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is currently 313.59%.

Analyst Ratings Changes

A number of brokerages recently weighed in on O. Barclays increased their price target on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Evercore ISI initiated coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Cantor Fitzgerald initiated coverage on Realty Income in a research note on Wednesday, October 1st. They set a “neutral” rating and a $64.00 target price for the company. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.58.

Realty Income 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.