Davis Selected Advisers Acquires Shares of 48,870 Realty Income Corporation $O

Davis Selected Advisers bought a new position in shares of Realty Income Corporation (NYSE:O) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 48,870 shares of the real estate investment trust’s stock, valued at approximately $2,815,000.

Several other hedge funds have also modified their holdings of the business. Compagnie Lombard Odier SCmA acquired a new position in Realty Income during the second quarter worth $25,000. Keystone Global Partners LLC acquired a new stake in Realty Income in the first quarter valued at $26,000. Avion Wealth boosted its position in shares of Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Realty Income during the 2nd quarter worth $36,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of Realty Income by 87.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 303 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction 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. This trade represents 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. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

O has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Cantor Fitzgerald dropped their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Wall Street Zen upgraded shares of Realty Income from a “strong sell” rating to a “hold” rating in a research report on Monday. UBS Group upped their price target on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, Royal Bank Of Canada raised their price objective on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.33.

Realty Income Stock Down 0.6%

O stock opened at $56.60 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The company’s 50 day simple moving average is $59.10 and its 200-day simple moving average is $57.85. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $61.08. The firm has a market capitalization of $52.06 billion, a PE ratio of 54.95, a P/E/G ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a $0.2695 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Friday, November 28th. Realty Income’s dividend payout ratio is currently 299.07%.

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.