Ensign Peak Advisors Inc Raises Position in Realty Income Co. (NYSE:O)

Ensign Peak Advisors Inc increased its stake in shares of Realty Income Co. (NYSE:O) by 11.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,128 shares of the real estate investment trust’s stock after purchasing an additional 4,570 shares during the period. Ensign Peak Advisors Inc’s holdings in Realty Income were worth $2,331,000 as of its most recent filing with the Securities & Exchange Commission.

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

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 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 owns 26,579 shares in the company, valued at approximately $1,663,313.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated 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 owns 5,257 shares in the company, valued at approximately $319,467.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on O shares. Royal Bank of Canada upped 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 started coverage on shares of Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target for the company. Robert W. Baird upped their price target 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. JPMorgan Chase & Co. upped their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Company upped their target price on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus price target of $62.59.

Realty Income Stock Performance

Shares of NYSE:O opened at $62.72 on Friday. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $63.39. The stock has a market capitalization of $54.61 billion, a P/E ratio of 58.51, a PEG ratio of 4.34 and a beta of 0.99. The firm has a fifty day simple moving average of $60.72 and a two-hundred day simple moving average of $55.95. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last issued 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). 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 during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The business’s quarterly revenue was up 31.4% on a year-over-year basis. On average, analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a $0.2635 dividend. This represents a dividend yield of 5%. The ex-dividend date is Tuesday, October 1st. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 292.59%.

About Realty Income

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.