Realty Income Corporation $O Shares Acquired by Atticus Wealth Management LLC
Atticus Wealth Management LLC increased its stake in Realty Income Corporation (NYSE:O) by 1,036.9% in Q2, owning 5,878 shares valued at $339,000. Other institutional investors also raised their stakes, with Norinchukin Bank increasing by 9.7% and Victory Capital Management by 5.3%. Analysts have set new price targets for Realty Income, with Scotiabank raising it to $60 and UBS to $66. Realty Income's stock opened at $59.77, with a market cap of $54.65 billion and a P/E ratio of 58.03. The company reported a quarterly EPS of $1.05, slightly missing estimates.
Atticus Wealth Management LLC grew its stake in Realty Income Corporation (NYSE:O - Free Report) by 1,036.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,878 shares of the real estate investment trust's stock after purchasing an additional 5,361 shares during the quarter. Atticus Wealth Management LLC's holdings in Realty Income were worth $339,000 as of its most recent filing with the SEC.
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Other institutional investors have also modified their holdings of the company. Norinchukin Bank The raised its stake in shares of Realty Income by 9.7% in the 1st quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock valued at $4,929,000 after purchasing an additional 7,497 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Realty Income by 5.3% in the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock valued at $23,018,000 after purchasing an additional 19,965 shares in the last quarter. Community Bank of Raymore raised its stake in shares of Realty Income by 19.7% in the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock valued at $8,636,000 after purchasing an additional 24,467 shares in the last quarter. Venture Visionary Partners LLC raised its stake in shares of Realty Income by 6.2% in the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock valued at $8,266,000 after purchasing an additional 8,297 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock valued at $662,589,000 after purchasing an additional 48,024 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on O shares. Scotiabank increased their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. UBS Group increased their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Mizuho increased their price objective on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, Barclays increased their price objective on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Realty Income has an average rating of "Hold" and an average price target of $62.36.
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Realty Income Price Performance
Shares of NYSE:O opened at $59.77 on Thursday. The firm's 50 day moving average is $58.08 and its two-hundred day moving average is $57.15. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The firm has a market capitalization of $54.65 billion, a P/E ratio of 58.03, a PEG ratio of 4.58 and a beta of 0.77. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.
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Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business posted $1.07 EPS. Realty Income's revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.
Realty Income Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a $0.2695 dividend. The ex-dividend date is Wednesday, October 1st. This is an increase from Realty Income's previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.4%. Realty Income's dividend payout ratio (DPR) is 313.59%.
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.
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