Marco Investment Management LLC Buys 851 Shares of Realty Income Co. (NYSE:O)

Marco Investment Management LLC boosted its stake in Realty Income Co. (NYSE:O) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,121 shares of the real estate investment trust’s stock after purchasing an additional 851 shares during the quarter. Marco Investment Management LLC’s holdings in Realty Income were worth $3,940,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Shell Asset Management Co. purchased a new position in shares of Realty Income in the first quarter valued at $420,000. Lazard Asset Management LLC increased its holdings in shares of Realty Income by 34.7% in the 1st quarter. Lazard Asset Management LLC now owns 12,788 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 3,297 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position 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 valued at $61,208,000 after buying an additional 171,166 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Realty Income by 18.5% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 118,761 shares of the real estate investment trust’s stock valued at $6,425,000 after buying an additional 18,574 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its holdings in shares of Realty Income by 12.8% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 8,736 shares of the real estate investment trust’s stock valued at $473,000 after acquiring an additional 992 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other Realty Income 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 sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Mizuho cut Realty Income from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th. Royal Bank of Canada cut their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their price target on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a research report on Tuesday, August 6th. Finally, Wedbush started coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Realty Income has an average rating of “Hold” and a consensus target price of $63.85.

Realty Income Price Performance

Shares of O stock opened at $57.45 on Friday. The company’s 50-day simple moving average is $60.76 and its two-hundred day simple moving average is $58.09. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a market capitalization of $50.28 billion, a P/E ratio of 54.71, a P/E/G ratio of 4.04 and a beta of 0.99.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business earned $1.02 earnings per share. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.2635 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a yield of 5.50%. Realty Income’s dividend payout ratio is 300.96%.

Realty Income Company 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.