Duff & Phelps Investment Management Co. Has $53.34 Million Stock Position in Realty Income Co. (NYSE:O)

Duff & Phelps Investment Management Co. lowered its position in shares of Realty Income Co. (NYSE:O) by 62.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,009,885 shares of the real estate investment trust’s stock after selling 1,663,348 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.12% of Realty Income worth $53,342,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after purchasing an additional 20,848,560 shares during the last quarter. Raymond James & Associates increased its stake in shares of Realty Income by 76.6% in the 2nd quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock valued at $177,844,000 after acquiring an additional 1,460,884 shares during the last quarter. GRS Advisors LLC acquired a new stake in shares of Realty Income in the 4th quarter valued at approximately $58,843,000. Canada Pension Plan Investment Board grew its holdings in shares of Realty Income by 63.2% in the 2nd 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 during the period. Finally, Cullen Capital Management LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $56,076,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Scotiabank raised 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 note on Tuesday, September 17th. UBS Group raised their target price on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Royal Bank of Canada boosted their price target on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Wedbush initiated coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. Finally, Stifel Nicolaus upped their target price on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Ten equities research 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 stock has a consensus rating of “Hold” and a consensus price target of $62.59.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the company’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 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 this hyperlink. In other 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 document filed with the SEC, which can be accessed through this link. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred 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 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 currently owned by corporate insiders.

Realty Income Trading Up 0.4 %

Shares of Realty Income stock opened at $62.73 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The business has a fifty day simple moving average of $60.83 and a two-hundred day simple moving average of $56.04. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $63.39. The company has a market capitalization of $54.62 billion, a price-to-earnings ratio of 58.08, a P/E/G ratio of 4.34 and a beta of 0.99.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. Research analysts forecast that Realty Income Co. will post 4.2 EPS for the current 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 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 yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st. Realty Income’s dividend payout ratio (DPR) is presently 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.