Mather Group LLC. Acquires 4,079 Shares of Realty Income Co. (NYSE:O)

Mather Group LLC. increased its position in Realty Income Co. (NYSE:O) by 69.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,945 shares of the real estate investment trust’s stock after purchasing an additional 4,079 shares during the quarter. Mather Group LLC.’s holdings in Realty Income were worth $538,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in O. American National Bank purchased a new position in Realty Income during the fourth quarter valued at $25,000. Vima LLC bought a new stake in Realty Income in the fourth quarter worth $25,000. Baystate Wealth Management LLC boosted its holdings in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares in the last quarter. WASHINGTON TRUST Co boosted its holdings in Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Realty Income in the first quarter worth $27,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on O. Stifel Nicolaus upped their price target on Realty Income from $65.00 to $67.50 and gave the company a “buy” rating in a report on Tuesday. UBS Group upped 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. Mizuho upped their price target on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. Scotiabank upped their price objective on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Finally, Robert W. Baird upped their price objective on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.29.

Realty Income Trading Up 2.1 %

Shares of NYSE:O traded up $1.26 during trading on Tuesday, hitting $60.44. The company had a trading volume of 9,099,301 shares, compared to its average volume of 6,171,235. The stock has a market cap of $52.62 billion, a price-to-earnings ratio of 55.23, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. Realty Income Co. has a one year low of $45.03 and a one year high of $61.35. The company has a fifty day simple moving average of $54.55 and a two-hundred day simple moving average of $53.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $1.00 earnings per share. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, equities analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a $0.263 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is 292.59%.

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.