Realty Income Corporation $O Shares Acquired by Praxis Investment Management Inc.

Praxis Investment Management Inc. lifted its stake in shares of Realty Income Corporation (NYSE:O) by 10.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,720 shares of the real estate investment trust’s stock after buying an additional 1,010 shares during the quarter. Praxis Investment Management Inc.’s holdings in Realty Income were worth $618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WealthPlan Investment Management LLC boosted its holdings in Realty Income by 7.5% in the second quarter. WealthPlan Investment Management LLC now owns 149,322 shares of the real estate investment trust’s stock valued at $8,602,000 after purchasing an additional 10,388 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Realty Income by 6.2% during the second quarter. New York State Teachers Retirement System now owns 757,686 shares of the real estate investment trust’s stock worth $43,650,000 after purchasing an additional 44,083 shares during the last quarter. Duncker Streett & Co. Inc. raised its stake in shares of Realty Income by 14.3% during the second quarter. Duncker Streett & Co. Inc. now owns 13,804 shares of the real estate investment trust’s stock worth $795,000 after purchasing an additional 1,731 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of Realty Income by 24.5% during the second quarter. Rosenberg Matthew Hamilton now owns 1,654 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 325 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of Realty Income by 110.1% during the second quarter. Harbour Investments Inc. now owns 23,340 shares of the real estate investment trust’s stock worth $1,345,000 after purchasing an additional 12,230 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

Realty Income stock opened at $59.97 on Friday. The stock’s 50 day moving average price is $59.16 and its 200 day moving average price is $57.55. The firm has a market capitalization of $54.83 billion, a PE ratio of 58.22, a price-to-earnings-growth ratio of 4.53 and a beta of 0.78. 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 Corporation has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm posted $1.07 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a $0.2695 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio is presently 313.59%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on O shares. UBS Group increased their price objective on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Scotiabank increased their price objective on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Evercore ISI assumed coverage on Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Barclays raised their price target 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. Finally, Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.25.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.