Realty Income Co. (NYSE:O) Shares Purchased by Loudon Investment Management LLC

Loudon Investment Management LLC boosted its holdings in shares of Realty Income Co. (NYSE:O) by 3.7% in the second quarter, HoldingsChannel.com reports. The fund owned 14,170 shares of the real estate investment trust’s stock after buying an additional 500 shares during the quarter. Loudon Investment Management LLC’s holdings in Realty Income were worth $748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC boosted its holdings in shares of Realty Income by 86.2% during the fourth quarter. International Assets Investment Management LLC now owns 10,844 shares of the real estate investment trust’s stock worth $623,000 after purchasing an additional 5,020 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Realty Income during the 4th quarter worth about $210,000. Merit Financial Group LLC acquired a new stake in Realty Income during the 4th quarter worth approximately $249,000. Montag A & Associates Inc. raised its holdings in Realty Income by 18.9% in the fourth quarter. Montag A & Associates Inc. now owns 5,340 shares of the real estate investment trust’s stock valued at $308,000 after buying an additional 850 shares during the period. Finally, Principal Securities Inc. acquired a new position in Realty Income during the fourth quarter valued at approximately $952,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

O has been the subject of several recent research reports. Robert W. Baird increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. UBS Group increased their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. JPMorgan Chase & Co. upped their target price on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Wedbush began coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.38.

Realty Income Stock Up 0.1 %

O stock traded up $0.07 during mid-day trading on Friday, hitting $62.40. 4,567,184 shares of the company were exchanged, compared to its average volume of 5,947,677. The firm has a fifty day simple moving average of $58.48 and a 200 day simple moving average of $54.98. The company has a market capitalization of $54.34 billion, a PE ratio of 57.79, a price-to-earnings-growth ratio of 4.62 and a beta of 0.96. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $63.39. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $1.00 earnings per share. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, research analysts forecast that Realty Income Co. will post 3.93 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.263 per share. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s dividend payout ratio is currently 291.67%.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

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.