Realty Income Corporation $O Holdings Raised by Mattern Capital Management LLC

Mattern Capital Management LLC grew its position in Realty Income Corporation (NYSE:O) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,623 shares of the real estate investment trust’s stock after acquiring an additional 1,900 shares during the quarter. Mattern Capital Management LLC’s holdings in Realty Income were worth $7,813,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Realty Income in the 2nd quarter valued at approximately $25,000. Keystone Global Partners LLC bought a new stake in shares of Realty Income in the 1st quarter valued at approximately $26,000. PSI Advisors LLC increased its holdings in shares of Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 252 shares during the last quarter. FSC Wealth Advisors LLC increased its holdings in shares of Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 455 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in shares of Realty Income in the 2nd quarter valued at approximately $36,000. 70.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on O shares. Cantor Fitzgerald started coverage on Realty Income in a report on Wednesday. They issued a “neutral” rating and a $64.00 price target for the company. Mizuho upped their price objective on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Evercore ISI initiated coverage on Realty Income in a research note on Wednesday. They set an “in-line” rating and a $62.00 price objective for the company. UBS Group upped their price objective on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, Barclays upped their price objective on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus price target of $62.25.

Realty Income Trading Down 0.6%

NYSE:O opened at $60.08 on Friday. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The stock has a market cap of $54.93 billion, a price-to-earnings ratio of 58.33, a PEG ratio of 4.62 and a beta of 0.78. The business has a fifty day moving average of $58.68 and a 200-day moving average of $57.34. 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 (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 business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company posted $1.07 EPS. The company’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 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a $0.2695 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is currently 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.