Bank of New York Mellon Corp Acquires 84,066 Shares of Realty Income Corporation $O

Bank of New York Mellon Corp boosted its holdings in Realty Income Corporation (NYSE:O) by 1.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,813,174 shares of the real estate investment trust’s stock after purchasing an additional 84,066 shares during the period. Bank of New York Mellon Corp’s holdings in Realty Income were worth $334,897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of O. Vanguard Group Inc. increased its position 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 acquiring an additional 3,274,853 shares during the period. Dimensional Fund Advisors LP grew its position in Realty Income by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust’s stock worth $702,381,000 after purchasing an additional 451,307 shares during the last quarter. Invesco Ltd. raised its position in shares of Realty Income by 0.4% during the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock valued at $662,589,000 after buying an additional 48,024 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Realty Income by 9.6% during 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 buying an additional 992,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Realty Income by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust’s stock valued at $586,644,000 after buying an additional 123,501 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Realty Income

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 value of $664,730.00. Following the completion of the transaction, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Cantor Fitzgerald assumed coverage on Realty Income in a research note on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Evercore ISI began coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Mizuho upped their target price on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Finally, Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.67.

Realty Income Stock Performance

Shares of NYSE:O opened at $56.24 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The business’s fifty day moving average price is $59.33 and its two-hundred day moving average price is $57.91. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08. The stock has a market capitalization of $51.42 billion, a price-to-earnings ratio of 54.60, a price-to-earnings-growth ratio of 4.46 and a beta of 0.78.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 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 $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business earned $1.05 earnings per share. The business’s revenue 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, analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) 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.