Realty Income Co. (NYSE:O) Stock Position Boosted by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its stake in shares of Realty Income Co. (NYSE:O) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,042 shares of the real estate investment trust’s stock after buying an additional 337 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Realty Income were worth $8,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vima LLC bought a new position in Realty Income during the fourth quarter valued at about $25,000. Pacifica Partners Inc. boosted its position in shares of Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Realty Income in the 1st quarter worth approximately $27,000. Bell Investment Advisors Inc raised its holdings in shares of Realty Income by 69.6% in the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 217 shares in the last quarter. Finally, Able Wealth Management LLC acquired a new stake in Realty Income during the fourth quarter valued at approximately $32,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was 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 owns 5,257 shares in the company, valued at approximately $319,467.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now directly 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 corporate insiders.

Realty Income Stock Up 1.5 %

Realty Income stock opened at $61.63 on Friday. The firm’s 50 day moving average price is $60.28 and its two-hundred day moving average price is $55.67. The firm has a market cap of $53.67 billion, a PE ratio of 57.06, a P/E/G ratio of 4.65 and a beta of 0.99. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $63.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last announced its quarterly earnings data 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). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. Realty Income’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 earnings per share. On average, research analysts predict that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a $0.2635 dividend. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date is Tuesday, October 1st. This represents a dividend yield of 5%. Realty Income’s payout ratio is presently 292.59%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. 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. JPMorgan Chase & Co. upped their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Royal Bank of Canada lifted their price target on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Scotiabank upped their price objective on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, Robert W. Baird lifted their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $62.59.

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.