Vanguard Personalized Indexing Management LLC Has $6.74 Million Stake in Realty Income Corporation $O

Vanguard Personalized Indexing Management LLC boosted its holdings in Realty Income Corporation (NYSE:O) by 15.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 116,946 shares of the real estate investment trust’s stock after acquiring an additional 15,837 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Realty Income were worth $6,743,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new stake in Realty Income in the 2nd quarter worth about $25,000. Keystone Global Partners LLC acquired a new stake in Realty Income in the 1st quarter worth about $26,000. PSI Advisors LLC raised its stake in Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 252 shares in the last quarter. FSC Wealth Advisors LLC raised its stake in Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 455 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in Realty Income in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on O. Cantor Fitzgerald began coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price objective for the company. Mizuho lifted their price objective on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. UBS Group lifted their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Scotiabank raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Finally, Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus price target of $62.25.

Realty Income Price Performance

O stock opened at $58.26 on Monday. 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 Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The firm has a market cap of $53.27 billion, a P/E ratio of 56.56, a P/E/G ratio of 4.45 and a beta of 0.78. The company’s 50-day moving average price is $58.96 and its two-hundred day moving average price is $57.48.

Realty Income (NYSE:O) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 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 $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business earned $1.07 earnings per share. Realty Income’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 5.6%. Realty Income’s payout ratio is presently 313.59%.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.