35,655 Shares in Realty Income Corporation $O Purchased by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs purchased 35,655 shares of Realty Income Corporation, valued at approximately $2,019,000, in the first quarter.
• Realty Income announced an increase in its monthly dividend to $0.2695 per share, with a dividend yield of 5.4%, to be paid on October 15th.
• Several analysts have updated their ratings, with Barclays raising the price target to $59.00 and UBS Group increasing it to $66.00, while maintaining a consensus rating of "Hold" for the stock.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 35,655 shares of the real estate investment trust's stock, valued at approximately $2,019,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Keystone Global Partners LLC purchased a new stake in shares of Realty Income during the 1st quarter worth about $26,000. PSI Advisors LLC raised its position in shares of Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $34,000. FSC Wealth Advisors LLC increased its holdings in shares of Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 455 shares during the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

Shares of O stock opened at $60.43 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $55.25 billion, a P/E ratio of 58.67, a P/E/G ratio of 4.60 and a beta of 0.77. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The stock has a 50 day moving average of $57.92 and a two-hundred day moving average of $57.08.

Realty Income (NYSE:O - Get Free Report) last posted its 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 return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business earned $1.07 EPS. Realty Income's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. This is a boost from Realty Income's previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. Realty Income's payout ratio is presently 313.59%.

Wall Street Analysts Forecast Growth

O has been the subject of a number of recent research reports. Barclays upped their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Scotiabank upped their target price on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. UBS Group upped their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Mizuho increased their price objective on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Realty Income currently has a consensus rating of "Hold" and an average price target of $62.36.

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.

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:O - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.