Ameritas Investment Partners Inc. Has $2.92 Million Position in Realty Income Co. (NYSE:O)

Ameritas Investment Partners Inc. raised its stake in Realty Income Co. (NYSE:O) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,196 shares of the real estate investment trust’s stock after acquiring an additional 3,200 shares during the period. Ameritas Investment Partners Inc.’s holdings in Realty Income were worth $2,915,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of O. PNC Financial Services Group Inc. lifted its holdings in shares of Realty Income by 25.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 89,018 shares of the real estate investment trust’s stock worth $5,111,000 after acquiring an additional 17,806 shares during the period. Assetmark Inc. raised its position in Realty Income by 11.2% during the fourth quarter. Assetmark Inc. now owns 43,231 shares of the real estate investment trust’s stock valued at $2,482,000 after purchasing an additional 4,368 shares in the last quarter. Franklin Resources Inc. lifted its stake in Realty Income by 0.3% during the fourth quarter. Franklin Resources Inc. now owns 804,167 shares of the real estate investment trust’s stock worth $46,175,000 after purchasing an additional 2,365 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Realty Income by 158.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 691 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 424 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Realty Income by 4.9% in the 4th quarter. US Bancorp DE now owns 120,080 shares of the real estate investment trust’s stock valued at $6,895,000 after purchasing an additional 5,571 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 1.5 %

Shares of O opened at $61.63 on Friday. The stock’s 50-day moving average price is $60.28 and its two-hundred day moving average price is $55.69. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $63.39. The company has a market capitalization of $53.67 billion, a PE ratio of 57.06, a PEG 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 (NYSE:O) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 earnings per share. On average, analysts anticipate that Realty Income Co. will post 3.93 EPS for the current year.

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wedbush initiated coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Stifel Nicolaus lifted their price target on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a report on Wednesday, August 28th. UBS Group upped their price objective on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.59.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction 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 at the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on 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 disclosure for this sale can be found here. 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.