&Partners Acquires 19,843 Shares of Realty Income Co. (NYSE:O)

&Partners raised its stake in Realty Income Co. (NYSE:O) by 432.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,429 shares of the real estate investment trust’s stock after acquiring an additional 19,843 shares during the quarter. &Partners’ holdings in Realty Income were worth $1,290,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in O. American National Bank acquired a new position in shares of Realty Income during the fourth quarter worth $25,000. Vima LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $25,000. Pacifica Partners Inc. raised its position in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 400 shares during the last quarter. WASHINGTON TRUST Co lifted its stake in shares of Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in Realty Income in the first quarter valued at approximately $27,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of O opened at $61.10 on Friday. The firm has a market capitalization of $53.20 billion, a P/E ratio of 56.57, a P/E/G ratio of 5.05 and a beta of 0.96. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $61.60. The stock has a 50 day moving average price of $56.65 and a two-hundred day moving average price of $54.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company posted $1.00 EPS. The company’s quarterly revenue was up 31.4% compared to the same quarter last year. Equities analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.263 per share. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s payout ratio is currently 291.67%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Scotiabank raised their price target on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. UBS Group raised their target price on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Stifel Nicolaus boosted their price target on Realty Income from $65.00 to $67.50 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, Wedbush started coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.73.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.