Bleakley Financial Group LLC Boosts Stock Holdings in Realty Income Corporation $O

Bleakley Financial Group LLC raised its position in shares of Realty Income Corporation (NYSE:O) by 13.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,921 shares of the real estate investment trust’s stock after buying an additional 2,887 shares during the period. Bleakley Financial Group LLC’s holdings in Realty Income were worth $1,378,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Realty Income in the 1st quarter valued at $207,573,000. Vanguard Group Inc. boosted its stake 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 worth $8,267,084,000 after buying an additional 3,274,853 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock worth $288,375,000 after buying an additional 1,055,840 shares during the last quarter. Raymond James Financial Inc. raised its position in Realty Income by 9.6% in the first 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 purchasing an additional 992,303 shares during the period. Finally, Adelante Capital Management LLC increased its position in shares of Realty Income by 1,380.2% during the first 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 last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

Shares of O opened at $60.03 on Friday. The company’s 50 day simple moving average is $59.40 and its 200-day simple moving average is $57.77. The firm has a market cap of $54.89 billion, a PE ratio of 58.28, a price-to-earnings-growth ratio of 4.58 and a beta of 0.78. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $63.29. 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 posted 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 return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.34 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. As a group, equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a $0.2695 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio is 313.59%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays raised 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. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Saturday. Scotiabank lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Finally, Mizuho increased their price objective on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.58.

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.