Realty Income Co. (NYSE:O) Holdings Reduced by Sei Investments Co.

Sei Investments Co. lessened its holdings in shares of Realty Income Co. (NYSE:O) by 6.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,176,316 shares of the real estate investment trust’s stock after selling 216,079 shares during the quarter. Sei Investments Co. owned about 0.36% of Realty Income worth $167,774,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ raised its holdings in Realty Income by 4.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 165,988 shares of the real estate investment trust’s stock worth $8,767,000 after purchasing an additional 7,800 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Realty Income by 29.9% during the 2nd quarter. AE Wealth Management LLC now owns 11,277 shares of the real estate investment trust’s stock valued at $596,000 after purchasing an additional 2,599 shares during the period. King Luther Capital Management Corp raised its stake in shares of Realty Income by 24.0% in the 2nd quarter. King Luther Capital Management Corp now owns 32,821 shares of the real estate investment trust’s stock worth $1,734,000 after buying an additional 6,363 shares in the last quarter. Waters Parkerson & CO. LLC lifted its holdings in shares of Realty Income by 5.0% in the second quarter. Waters Parkerson & CO. LLC now owns 358,545 shares of the real estate investment trust’s stock valued at $18,938,000 after buying an additional 17,000 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in Realty Income by 63.2% during the second quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust’s stock valued at $137,886,000 after buying an additional 1,010,876 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on O shares. Scotiabank boosted their price target on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Robert W. Baird raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Wells Fargo & Company upped their price target on Realty Income from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. Finally, KeyCorp initiated coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.59.

Realty Income Stock Performance

Shares of O stock opened at $61.63 on Friday. The stock’s fifty day simple moving average is $60.28 and its 200-day simple moving average is $55.67. The company has a market capitalization of $53.67 billion, a price-to-earnings ratio of 57.06, a P/E/G ratio of 4.65 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 Co. has a 1-year low of $45.03 and a 1-year high of $63.39.

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

Realty Income Increases Dividend

The business also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.2635 per share. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. This represents a dividend yield of 5%. The ex-dividend date is Tuesday, October 1st. Realty Income’s 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.