D.A. Davidson & CO. Has $11.83 Million Holdings in Realty Income Co. (NYSE:O)

D.A. Davidson & CO. lessened its holdings in Realty Income Co. (NYSE:O) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,979 shares of the real estate investment trust’s stock after selling 7,478 shares during the period. D.A. Davidson & CO.’s holdings in Realty Income were worth $11,831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in Realty Income by 18.3% in the first 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Realty Income by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock valued at $547,931,000 after buying an additional 227,621 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Realty Income by 2.2% in the first quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock worth $498,514,000 after buying an additional 196,635 shares during the last quarter. Norges Bank bought a new position in Realty Income during the fourth quarter valued at approximately $506,526,000. Finally, APG Asset Management US Inc. lifted its stake in Realty Income by 10.4% in the fourth quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock valued at $472,083,000 after acquiring an additional 771,313 shares during 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 Realty Income 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 sale, the director now directly 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 can be accessed through this link. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

O has been the topic of a number of research analyst reports. Mizuho raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Wedbush began coverage on Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. Scotiabank boosted their price objective on Realty Income from $56.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Wells Fargo & Company lifted their price target on Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research report on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.02.

Realty Income Stock Up 1.2 %

Realty Income stock opened at $62.11 on Monday. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $62.41. 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 firm has a market capitalization of $54.09 billion, a price-to-earnings ratio of 57.51, a PEG ratio of 4.62 and a beta of 0.96. The company’s 50 day simple moving average is $57.53 and its 200 day simple moving average is $54.67.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s revenue was up 31.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Realty Income Co. will post 3.93 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.263 per share. The ex-dividend date is Tuesday, September 3rd. This represents a dividend yield of 5.2%. Realty Income’s payout ratio is presently 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.