Livforsakringsbolaget Skandia Omsesidigt Has $385,000 Stock Holdings in Realty Income Corporation $O

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Realty Income Corporation by 580.4% during Q2, acquiring an additional 5,700 shares to reach a total of 6,682 shares valued at approximately $385,000.
• Realty Income reported $1.05 earnings per share for the last quarter, missing expectations slightly while generating $1.34 billion in revenue, marking a year-over-year increase of 5.3%.
• The company has recently announced a dividend of $0.2695 per share, reflecting a slight increase from its previous dividend and representing a yield of 5.5%.

Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 580.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,682 shares of the real estate investment trust's stock after buying an additional 5,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Realty Income were worth $385,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group acquired a new position in Realty Income during the second quarter valued at approximately $55,000. Exchange Traded Concepts LLC increased its stake in Realty Income by 8.5% during the second quarter. Exchange Traded Concepts LLC now owns 59,653 shares of the real estate investment trust's stock valued at $3,437,000 after purchasing an additional 4,668 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of Realty Income by 16.0% during the second quarter. Fulton Bank N.A. now owns 35,800 shares of the real estate investment trust's stock valued at $2,062,000 after acquiring an additional 4,927 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Realty Income by 2.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 274,770 shares of the real estate investment trust's stock valued at $15,849,000 after acquiring an additional 5,778 shares during the period. Finally, Atticus Wealth Management LLC boosted its holdings in shares of Realty Income by 1,036.9% during the second quarter. Atticus Wealth Management LLC now owns 5,878 shares of the real estate investment trust's stock valued at $339,000 after acquiring an additional 5,361 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on O shares. UBS Group upped their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Barclays boosted their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Mizuho upped their target price on Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. 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. Finally, Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Realty Income has a consensus rating of "Hold" and an average target price of $62.36.

Realty Income Stock Up 0.2%

Shares of Realty Income stock traded up $0.10 on Friday, reaching $59.21. 12,675,505 shares of the company were exchanged, compared to its average volume of 5,134,880. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The company has a market capitalization of $54.14 billion, a price-to-earnings ratio of 57.49, a PEG ratio of 4.52 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. The company has a 50-day moving average of $58.17 and a 200 day moving average of $57.16.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 in the prior year, the company earned $1.07 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.2695 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 5.5%. This is a positive change from Realty Income's previous monthly dividend of $0.27. Realty Income's payout ratio is currently 313.59%.

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.