Los Angeles Capital Management LLC Raises Stake in Realty Income Co. (NYSE:O)

Los Angeles Capital Management LLC lifted its position in shares of Realty Income Co. (NYSE:O) by 15.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,221 shares of the real estate investment trust’s stock after buying an additional 560 shares during the period. Los Angeles Capital Management LLC’s holdings in Realty Income were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of O. Vanguard Group Inc. lifted its stake in shares of Realty Income by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 113,920,054 shares of the real estate investment trust’s stock worth $6,541,290,000 after purchasing an additional 3,046,630 shares during the period. Dimensional Fund Advisors LP lifted its position in Realty Income by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock worth $547,931,000 after buying an additional 227,621 shares during the period. Legal & General Group Plc boosted its stake in Realty Income by 0.5% in the 3rd quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock worth $443,588,000 after buying an additional 47,437 shares during the last quarter. Norges Bank purchased a new stake in Realty Income in the 4th quarter valued at about $506,526,000. Finally, APG Asset Management US Inc. increased its stake in shares of Realty Income by 10.4% during the 4th quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock valued at $472,083,000 after acquiring an additional 771,313 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Down 0.5 %

Shares of NYSE:O opened at $52.43 on Friday. The company has a market capitalization of $45.65 billion, a price-to-earnings ratio of 48.29, a price-to-earnings-growth ratio of 4.61 and a beta of 0.94. The company has a 50 day moving average of $53.63 and a two-hundred day moving average of $54.15. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business posted $0.98 earnings per share. Realty Income’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.263 dividend. This is a boost 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 payout ratio is 291.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group lowered their target price on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. Mizuho boosted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. KeyCorp began coverage on Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Finally, Scotiabank boosted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $61.35.

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by 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.