HighPoint Advisor Group LLC Buys Shares of 15,913 Realty Income Co. (NYSE:O)

HighPoint Advisor Group LLC bought a new stake in Realty Income Co. (NYSE:OFree Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 15,913 shares of the real estate investment trust’s stock, valued at approximately $914,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in O. Rafferty Asset Management LLC increased its holdings in Realty Income by 10.6% during the 3rd quarter. Rafferty Asset Management LLC now owns 79,173 shares of the real estate investment trust’s stock worth $3,954,000 after acquiring an additional 7,579 shares during the period. QRG Capital Management Inc. purchased a new stake in Realty Income during the 3rd quarter valued at $1,198,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Realty Income during the 3rd quarter valued at $2,104,000. Envestnet Asset Management Inc. boosted its position in Realty Income by 69.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,922,207 shares of the real estate investment trust’s stock valued at $95,995,000 after buying an additional 785,476 shares during the period. Finally, Nordea Investment Management AB boosted its position in Realty Income by 11.0% during the 3rd quarter. Nordea Investment Management AB now owns 429,245 shares of the real estate investment trust’s stock valued at $21,591,000 after buying an additional 42,449 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

O has been the subject of several analyst reports. Scotiabank increased their price target on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. KeyCorp began coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. UBS Group dropped their target price on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Mizuho increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Stifel Nicolaus decreased their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Nine equities research 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 has an average rating of “Hold” and an average price target of $61.35.

Read Our Latest Stock Report on O

Realty Income Stock Performance

Shares of NYSE O traded up $0.35 during trading on Tuesday, reaching $53.42. 307,298 shares of the company traded hands, compared to its average volume of 6,333,686. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $46.52 billion, a PE ratio of 49.13, a P/E/G ratio of 4.67 and a beta of 0.94. The firm has a 50 day simple moving average of $53.48 and a 200-day simple moving average of $54.23. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18.

Realty Income (NYSE:OGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. Equities research analysts anticipate that Realty Income Co. will post 4.18 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a $0.263 dividend. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date is Monday, July 1st. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio (DPR) is presently 291.67%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

About Realty Income

(Free Report)

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.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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