Applied Capital LLC FL Raises Stock Position in Realty Income Co. (NYSE:O)

Applied Capital LLC FL boosted its position in shares of Realty Income Co. (NYSE:O) by 13.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,524 shares of the real estate investment trust’s stock after acquiring an additional 2,369 shares during the period. Applied Capital LLC FL’s holdings in Realty Income were worth $1,056,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of O. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Realty Income in the 3rd quarter worth approximately $243,000. O Shaughnessy Asset Management LLC grew its stake in Realty Income by 11.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 15,124 shares of the real estate investment trust’s stock worth $755,000 after buying an additional 1,569 shares in the last quarter. Bank of Nova Scotia grew its stake in Realty Income by 15.0% in the 3rd quarter. Bank of Nova Scotia now owns 72,584 shares of the real estate investment trust’s stock worth $3,625,000 after buying an additional 9,465 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in Realty Income by 181.4% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 222,443 shares of the real estate investment trust’s stock worth $11,109,000 after buying an additional 143,406 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Realty Income by 62.9% in the 3rd quarter. Lazard Asset Management LLC now owns 11,739 shares of the real estate investment trust’s stock worth $586,000 after buying an additional 4,534 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Realty Income Stock Up 0.3 %

Shares of NYSE:O traded up $0.15 during midday trading on Tuesday, reaching $52.51. The company’s stock had a trading volume of 2,344,325 shares, compared to its average volume of 6,356,276. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The firm has a 50 day moving average of $53.63 and a 200-day moving average of $54.11. The firm has a market capitalization of $45.72 billion, a P/E ratio of 48.58, a PEG ratio of 4.60 and a beta of 0.97. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, research analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a dividend of $0.263 per share. This represents a yield of 6%. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date is Monday, July 1st. Realty Income’s dividend payout ratio is 291.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on O. Mizuho boosted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Scotiabank boosted their price objective on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. KeyCorp began coverage on shares of Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, UBS Group lowered their price objective on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. Nine investment 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 stock presently has an average rating of “Hold” and a consensus price target of $61.35.

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.