Machina Capital S.A.S. Takes $1.44 Million Position in Realty Income Corporation (NYSE:O)

Machina Capital S.A.S. purchased a new stake in Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 24,840 shares of the real estate investment trust's stock, valued at approximately $1,441,000.

Other institutional investors have also recently bought and sold shares of the company. NorthStar Asset Management LLC NJ boosted its stake in shares of Realty Income by 11.0% during the 1st quarter. NorthStar Asset Management LLC NJ now owns 6,076 shares of the real estate investment trust's stock valued at $352,000 after buying an additional 603 shares during the period. Pinnacle Associates Ltd. grew its stake in shares of Realty Income by 5.0% in the first quarter. Pinnacle Associates Ltd. now owns 7,203 shares of the real estate investment trust's stock worth $418,000 after acquiring an additional 345 shares during the last quarter. Black Swift Group LLC grew its position in Realty Income by 137.8% during the first quarter. Black Swift Group LLC now owns 17,595 shares of the real estate investment trust's stock worth $1,021,000 after buying an additional 10,195 shares in the last quarter. AE Wealth Management LLC boosted its stake in Realty Income by 14.9% during the first quarter. AE Wealth Management LLC now owns 14,578 shares of the real estate investment trust's stock worth $846,000 after buying an additional 1,888 shares in the last quarter. Finally, Abel Hall LLC acquired a new position in shares of Realty Income in the 1st quarter worth approximately $390,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Barclays reissued an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Scotiabank raised their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $61.15.

Realty Income Trading Down 0.2%

Shares of NYSE:O traded down $0.12 during midday trading on Friday, hitting $57.90. The company had a trading volume of 4,435,850 shares, compared to its average volume of 5,066,471. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The firm has a fifty day simple moving average of $56.99 and a 200 day simple moving average of $56.18. The stock has a market cap of $52.29 billion, a price-to-earnings ratio of 52.64, a PEG ratio of 4.07 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The company's revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. On average, analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio (DPR) is 293.64%.

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.