Motco Boosts Holdings in Realty Income Corporation $O

Motco raised its position in Realty Income Corporation (NYSE:O) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,476 shares of the real estate investment trust’s stock after acquiring an additional 203 shares during the quarter. Motco’s holdings in Realty Income were worth $139,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Moseley Investment Management Inc. lifted its position in shares of Realty Income by 1.3% during the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after buying an additional 175 shares during the last quarter. Castle Rock Wealth Management LLC lifted its position in shares of Realty Income by 0.6% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 177 shares during the last quarter. Revisor Wealth Management LLC lifted its position in shares of Realty Income by 2.3% during the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 178 shares during the last quarter. Pure Financial Advisors LLC lifted its position in shares of Realty Income by 3.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 185 shares during the last quarter. Finally, N.E.W. Advisory Services LLC lifted its position in shares of Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock worth $899,000 after buying an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of Realty Income stock opened at $58.34 on Thursday. 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 stock has a market capitalization of $53.34 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 4.52 and a beta of 0.78. The firm’s fifty day simple moving average is $59.42 and its 200-day simple moving average is $57.90. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $61.08.

Realty Income (NYSE:O) last announced its quarterly earnings data 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). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. As a group, equities analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a $0.2695 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s payout ratio is currently 313.59%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. UBS Group boosted their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Evercore ISI assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. Mizuho boosted their price objective on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Finally, Barclays lifted their target price on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.58.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.