Bessemer Group Inc. Has $468,000 Stock Holdings in Realty Income Corporation $O

Bessemer Group Inc. decreased its position in shares of Realty Income Corporation (NYSE:O) by 9.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,136 shares of the real estate investment trust’s stock after selling 895 shares during the period. Bessemer Group Inc.’s holdings in Realty Income were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of O. Norinchukin Bank The boosted its stake in shares of Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock valued at $4,929,000 after buying an additional 7,497 shares in the last quarter. Trust Co. of Vermont lifted its position in shares of Realty Income by 2.7% in the second quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock valued at $15,134,000 after acquiring an additional 6,885 shares in the last quarter. Victory Capital Management Inc. increased its stake in Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock valued at $23,018,000 after purchasing an additional 19,965 shares during the last quarter. Community Bank of Raymore increased its stake in Realty Income by 19.7% in the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock valued at $8,636,000 after purchasing an additional 24,467 shares during the last quarter. Finally, Venture Visionary Partners LLC grew its holdings in shares of Realty Income by 6.2% during the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock worth $8,266,000 after purchasing an additional 8,297 shares during the period. Institutional investors and hedge funds 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 stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on O. Cantor Fitzgerald began coverage on Realty Income in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 target price for the company. UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. 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 on the stock. Finally, Scotiabank lifted their target price on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.58.

Realty Income Price Performance

O opened at $58.00 on Monday. The stock has a fifty day moving average price of $59.37 and a 200 day moving average price of $57.93. 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 1 year low of $50.71 and a 1 year high of $61.08. The stock has a market cap of $53.03 billion, a price-to-earnings ratio of 56.32, a PEG ratio of 4.46 and a beta of 0.78.

Realty Income (NYSE:O) last issued its quarterly earnings data 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). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. Analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

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 issued a dividend of $0.2695 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.6%. Realty Income’s dividend payout ratio is currently 313.59%.

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.