Holderness Investments Co. Makes New Investment in Realty Income Co. (NYSE:O)

Holderness Investments Co. acquired a new stake in shares of Realty Income Co. (NYSE:O) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,391 shares of the real estate investment trust’s stock, valued at approximately $232,000.

Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. grew its position 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 valued at $46,175,000 after acquiring an additional 2,365 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Realty Income by 158.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 691 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 424 shares during the period. US Bancorp DE grew its stake in shares of Realty Income by 4.9% during the fourth quarter. US Bancorp DE now owns 120,080 shares of the real estate investment trust’s stock valued at $6,895,000 after buying an additional 5,571 shares during the last quarter. SageView Advisory Group LLC purchased a new position in shares of Realty Income in the fourth quarter worth about $559,000. Finally, TCW Group Inc. bought a new stake in shares of Realty Income in the 4th quarter valued at about $776,000. 70.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was 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 owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was 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 owns 26,579 shares in the company, valued at $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. Also, Director A. Larry Chapman sold 5,000 shares of the 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 sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

Shares of Realty Income stock opened at $61.63 on Monday. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $63.39. The firm has a market capitalization of $53.67 billion, a P/E 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. The business has a fifty day simple moving average of $60.28 and a two-hundred day simple moving average of $55.72.

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 the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm earned $1.00 EPS. The company’s revenue was up 31.4% on a year-over-year basis. On average, equities analysts forecast that Realty Income Co. will post 3.93 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on O shares. Wedbush began coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Wells Fargo & Company raised their price target on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Royal Bank of Canada upped their price objective on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, UBS Group boosted their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.59.

Realty Income Company 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.