Nisa Investment Advisors LLC Reduces Stock Position in Realty Income Corporation $O

Nisa Investment Advisors LLC reduced its holdings in Realty Income Corporation (NYSE:O) by 8.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 323,486 shares of the real estate investment trust’s stock after selling 30,628 shares during the period. Nisa Investment Advisors LLC’s holdings in Realty Income were worth $18,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after buying an additional 3,274,853 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust’s stock worth $702,381,000 after purchasing an additional 451,307 shares during the period. Invesco Ltd. boosted its stake in shares of Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock worth $662,589,000 after purchasing an additional 48,024 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Realty Income by 9.6% during the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock worth $658,813,000 after purchasing an additional 992,303 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Realty Income by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust’s stock worth $586,644,000 after purchasing an additional 123,501 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity at Realty Income

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

Realty Income Price Performance

Realty Income stock opened at $60.03 on Monday. The stock has a market cap of $54.89 billion, a price-to-earnings ratio of 58.28, a price-to-earnings-growth ratio of 4.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $63.29. The firm has a 50-day moving average of $59.40 and a two-hundred day moving average of $57.80.

Realty Income (NYSE:O) last released its quarterly earnings data 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). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. Realty Income’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $1.07 earnings per share. On average, research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

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

Analysts Set New Price Targets

O has been the subject of a number of recent analyst reports. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Barclays lifted their price target on shares of Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Cantor Fitzgerald initiated coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target for the company. UBS Group lifted their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, Mizuho boosted their price objective on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average price target of $62.58.

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.