Victory Capital Management Inc. Purchases 34,304 Shares of Realty Income Co. (NYSE:O)

Victory Capital Management Inc. boosted its position in Realty Income Co. (NYSE:O) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 803,158 shares of the real estate investment trust’s stock after acquiring an additional 34,304 shares during the quarter. Victory Capital Management Inc. owned 0.09% of Realty Income worth $42,423,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American National Bank bought a new position in shares of Realty Income in the fourth quarter worth about $25,000. Vima LLC bought a new position in Realty Income in the 4th quarter valued at approximately $25,000. Pacifica Partners Inc. boosted its position in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Realty Income during the first quarter worth $27,000. Finally, Bell Investment Advisors Inc increased its holdings in shares of Realty Income by 69.6% during the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 217 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Realty Income

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on O shares. UBS Group raised their price objective on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. lifted their price target on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada upped their price objective on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Wedbush started coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Finally, Morgan Stanley restated an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.38.

Realty Income Trading Up 0.7 %

NYSE:O opened at $62.86 on Tuesday. The firm has a fifty day simple moving average of $58.69 and a two-hundred day simple moving average of $55.09. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $63.39. The stock has a market capitalization of $54.74 billion, a price-to-earnings ratio of 58.20, a PEG ratio of 4.64 and a beta of 0.99. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The business’s quarterly revenue was up 31.4% on a year-over-year basis. Analysts expect that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be issued a $0.263 dividend. This represents a dividend yield of 5.2%. The ex-dividend date is Tuesday, September 3rd. Realty Income’s dividend payout ratio is currently 292.59%.

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.