2 weeks Ago By ABMN Staff
Northwestern Mutual Wealth Management Co. increased its holdings in Realty Income Co. ( NYSE:O – Free Report ) by 0.
2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,152,207 shares of the real estate investment trust’s stock after acquiring an additional 1,976 shares during the quarter. Northwestern Mutual Wealth Management Co.
owned approximately 0.13% of Realty Income worth $60,860,000 as of its most recent filing with the SEC. Several other institutional investors have also modified their holdings of O.
CWA Asset Management Group LLC bought a new stake in Realty Income in the fourth quarter valued at about $379,000. Texas Permanent School Fund Corp increased its holdings 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 buying an additional 22,440 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings 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 buying an additional 51,574 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Realty Income by 17.
8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after buying an additional 171,166 shares during the last quarter.
Finally, Cullen Capital Management LLC bought a new stake in Realty Income in the fourth quarter valued at about $56,076,000. Institutional investors and hedge funds own 70.81% of the company’s stock.
Analyst Ratings Changes Several analysts recently weighed in on O shares. KeyCorp started coverage on Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company.
UBS Group upped their target price on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th.
Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Scotiabank upped their target price on Realty Income from $61.
00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. Finally, Robert W.
Baird upped their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th.
Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Realty Income has a consensus rating of “Hold” and an average target price of $62.59.
Insider Activity In other news, Director Mary Hogan Preusse sold 1,712 shares of the 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 owns 26,579 shares in the company, valued at approximately $1,663,313.82.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . In other news, Director Mary Hogan Preusse sold 1,712 shares of the 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 sale, the director now 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 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 completion of the sale, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89.
The disclosure for this sale can be found here . Insiders own 0.10% of the company’s stock.
Realty Income Stock Performance O opened at $62.73 on Monday. The company has a market capitalization of $54.
62 billion, a price-to-earnings ratio of 58.08, a price-to-earnings-growth ratio of 4.34 and a beta of 0.
99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.
39 and a quick ratio of 1.39. Realty Income Co.
has a 1-year low of $45.03 and a 1-year high of $63.39.
The business has a 50 day moving average price of $60.83 and a two-hundred day moving average price of $56.06.
Realty Income ( NYSE:O – Get Free Report ) last released its 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). The firm 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%. The business’s revenue for the quarter was up 31.
4% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share.
Research analysts predict that Realty Income Co. will post 4.2 EPS 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. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.2635 per share.
This represents a dividend yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Realty Income’s previous oct 24 dividend of $0.
26. Realty Income’s dividend payout ratio is 292.59%.
Realty Income Profile ( 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.
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