Financial Sense Advisors Inc. Has $1.90 Million Stake in Realty Income Co. (NYSE:O)

Financial Sense Advisors Inc. lifted its position in shares of Realty Income Co. (NYSE:O) by 10.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 35,039 shares of the real estate investment trust’s stock after purchasing an additional 3,291 shares during the quarter. Financial Sense Advisors Inc.’s holdings in Realty Income were worth $1,896,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of O. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Realty Income in the third quarter worth $243,000. O Shaughnessy Asset Management LLC lifted its position in Realty Income by 11.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 15,124 shares of the real estate investment trust’s stock worth $755,000 after buying an additional 1,569 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Realty Income by 62.9% during the 3rd quarter. Lazard Asset Management LLC now owns 11,739 shares of the real estate investment trust’s stock worth $586,000 after buying an additional 4,534 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Realty Income by 51.9% in the 3rd quarter. AQR Capital Management LLC now owns 147,564 shares of the real estate investment trust’s stock valued at $7,369,000 after acquiring an additional 50,419 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Realty Income by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 3,887,142 shares of the real estate investment trust’s stock valued at $193,203,000 after acquiring an additional 23,172 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.0 %

Shares of NYSE O opened at $52.45 on Thursday. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The stock’s fifty day moving average is $53.59 and its 200 day moving average is $54.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $45.67 billion, a P/E ratio of 48.56, a PEG ratio of 4.56 and a beta of 0.96.

Realty Income (NYSE:O) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. Realty Income’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Sell-side analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.263 dividend. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date of this dividend is Monday, July 1st. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Analyst Ratings Changes

Several research analysts recently commented on O shares. KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. UBS Group decreased their target price on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Scotiabank upped their price target on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Finally, Mizuho increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.35.

Realty Income 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.