AG2R LA Mondiale Gestion D Actifs Raises Stock Holdings in Realty Income Corporation $O

AG2R LA Mondiale Gestion D Actifs lifted its holdings in shares of Realty Income Corporation (NYSE:O) by 9.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,871 shares of the real estate investment trust’s stock after acquiring an additional 3,216 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Realty Income were worth $2,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Focus Partners Advisor Solutions LLC grew its holdings in Realty Income by 104.3% during the second quarter. Focus Partners Advisor Solutions LLC now owns 21,502 shares of the real estate investment trust’s stock valued at $1,239,000 after purchasing an additional 10,978 shares during the period. Peterson Wealth Services grew its holdings in Realty Income by 3.3% during the second quarter. Peterson Wealth Services now owns 33,489 shares of the real estate investment trust’s stock valued at $1,929,000 after purchasing an additional 1,084 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Realty Income by 1.1% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,538,468 shares of the real estate investment trust’s stock valued at $261,461,000 after purchasing an additional 49,160 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Realty Income by 14,952.6% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,860 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 2,841 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Realty Income by 0.4% during the second quarter. Asset Management One Co. Ltd. now owns 1,806,659 shares of the real estate investment trust’s stock valued at $104,082,000 after purchasing an additional 7,709 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

Realty Income stock opened at $60.03 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a one year low of $50.71 and a one year high of $63.29. The firm has a market capitalization of $54.89 billion, a P/E ratio of 58.28, a PEG ratio of 4.58 and a beta of 0.78. The business has a fifty day moving average price of $59.40 and a 200-day moving average price of $57.77.

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 (EPS) 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 business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business posted $1.07 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

O has been the subject of several research reports. Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Cantor Fitzgerald initiated coverage on Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price objective for the company. Barclays increased their price objective on Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Evercore ISI started coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target for the company. Finally, Scotiabank raised their price target on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.58.

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.