Realty Income Corporation $O Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of Realty Income Corporation (NYSE:O) by 2.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 146,136,211 shares of the real estate investment trust’s stock after acquiring an additional 3,624,852 shares during the period. Vanguard Group Inc. owned 0.16% of Realty Income worth $8,418,907,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Realty Income during the 2nd quarter worth $25,000. Keystone Global Partners LLC purchased a new position in Realty Income in the first quarter valued at $26,000. Avion Wealth raised its stake in Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of Realty Income during the 2nd quarter worth about $36,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Realty Income by 87.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 303 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s 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 of the company’s stock, valued at $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

Shares of O opened at $57.35 on Wednesday. The company’s 50 day simple moving average is $58.96 and its 200-day simple moving average is $57.86. The firm has a market cap of $52.76 billion, a PE ratio of 55.68, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08. 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 (NYSE:O) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. Realty Income’s revenue for the quarter was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.2695 per share. The ex-dividend date is Friday, November 28th. This represents a c) annualized dividend and a yield of 5.6%. Realty Income’s payout ratio is presently 299.07%.

Analysts Set New Price Targets

O has been the subject of a number of research analyst reports. Mizuho upped their price target on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. UBS Group upped their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Cantor Fitzgerald dropped their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Evercore ISI began 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 for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research note on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.33.

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.