2 weeks Ago By ABMN Staff
Marathon Capital Management boosted its holdings in shares of Realty Income Co. ( NYSE:O – Free Report ) by 627.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 109,911 shares of the real estate investment trust’s stock after buying an additional 94,801 shares during the period. Realty Income makes up about 1.5% of Marathon Capital Management’s holdings, making the stock its 16th biggest position.
Marathon Capital Management’s holdings in Realty Income were worth $5,805,000 at the end of the most recent quarter. Several other large investors have also recently bought and sold shares of O. CWA Asset Management Group LLC purchased a new position in Realty Income in the fourth quarter valued at about $379,000.
Texas Permanent School Fund Corp grew its stake in Realty Income by 15.0% in the first quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after purchasing an additional 22,440 shares in the last quarter.
Public Employees Retirement System of Ohio grew its stake in Realty Income by 4.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock valued at $77,124,000 after purchasing an additional 51,574 shares in the last quarter.
Price T Rowe Associates Inc. MD boosted its stake in shares of Realty Income by 17.8% during the 1st quarter.
Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock worth $61,208,000 after acquiring an additional 171,166 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Realty Income by 5.
4% during the 4th quarter. Treasurer of the State of North Carolina now owns 330,673 shares of the real estate investment trust’s stock worth $18,987,000 after acquiring an additional 16,831 shares in the last quarter. 70.
81% of the stock is owned by institutional investors and hedge funds. Insider Activity In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.
58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.
82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . In other Realty Income news, Director A.
Larry Chapman sold 5,000 shares of Realty Income 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 transaction, the director now directly owns 5,257 shares in the company, valued at $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 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 transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.
82. The disclosure for this sale can be found here . Insiders own 0.
10% of the company’s stock. Realty Income Trading Down 0.3 % Realty Income ( NYSE:O – Get Free Report ) last released its quarterly earnings results on Monday, August 5th.
The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.
07). Realty Income had a net margin of 17.89% and a return on equity of 3.
27%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.
22 billion. During the same period in the prior year, the business earned $1.00 earnings per share.
The company’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, sell-side analysts predict that Realty Income Co.
will post 4.2 EPS 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 paid a $0.2635 dividend. This is a boost from Realty Income’s previous oct 24 dividend of $0.
26. This represents a dividend yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st.
Realty Income’s dividend payout ratio (DPR) is 292.59%. Analysts Set New Price Targets Several analysts have recently issued reports on O shares.
JPMorgan Chase & Co. upped their price target on Realty Income from $60.00 to $67.
00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th.
Wedbush started coverage on Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company.
Stifel Nicolaus upped their price target on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday, August 28th.
Finally, Wells Fargo & Company upped their price target on Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday, August 26th.
Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.59.
Check Out Our Latest Stock Analysis on O About Realty Income ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Co. ( NYSE:O – Free Report ).
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