Ethic Inc. Has $4.81 Million Position in Realty Income Corporation $O

Ethic Inc. reduced its stake in Realty Income Corporation (NYSE:O) by 20.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,318 shares of the real estate investment trust’s stock after selling 21,957 shares during the period. Ethic Inc.’s holdings in Realty Income were worth $4,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after purchasing an additional 3,274,853 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $702,381,000 after purchasing an additional 451,307 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock valued at $662,589,000 after purchasing an additional 48,024 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Realty Income by 9.6% in the 1st 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Realty Income by 1.2% in the 1st 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 purchasing an additional 123,501 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on O. Cantor Fitzgerald began coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price objective for the company. Evercore ISI began coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Barclays raised their price objective on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Finally, UBS Group raised their price objective on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $62.58.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s 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 completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Realty Income Stock Down 0.0%

Realty Income stock opened at $60.25 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.68. The firm has a 50 day moving average price of $59.37 and a two-hundred day moving average price of $57.68. The firm has a market cap of $55.08 billion, a price-to-earnings ratio of 58.49, a PEG ratio of 4.60 and a beta of 0.78.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company 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 dividend of $0.2695 per share. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is presently 313.59%.

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.