Realty Income Corporation $O Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 330,808 shares of the real estate investment trust's stock after buying an additional 18,900 shares during the period. KLP Kapitalforvaltning AS's holdings in Realty Income were worth $19,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Foresight Capital Management Advisors Inc. lifted its stake in shares of Realty Income by 2.5% during the second quarter. Foresight Capital Management Advisors Inc. now owns 21,723 shares of the real estate investment trust's stock worth $1,251,000 after buying an additional 523 shares during the period. Seamount Financial Group Inc. acquired a new stake in shares of Realty Income during the second quarter worth $380,000. SteelPeak Wealth LLC acquired a new stake in shares of Realty Income during the second quarter worth $909,000. Capital Advisors Inc. OK lifted its stake in shares of Realty Income by 1.2% during the second quarter. Capital Advisors Inc. OK now owns 540,747 shares of the real estate investment trust's stock worth $31,152,000 after buying an additional 6,235 shares during the period. Finally, Belpointe Asset Management LLC lifted its stake in shares of Realty Income by 5.2% during the second quarter. Belpointe Asset Management LLC now owns 38,755 shares of the real estate investment trust's stock worth $2,233,000 after buying an additional 1,909 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares of the company's stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company's stock.

Realty Income Stock Down 1.0%

O opened at $59.01 on Thursday. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The company has a fifty day moving average of $58.88 and a two-hundred day moving average of $57.44. The stock has a market capitalization of $53.95 billion, a price-to-earnings ratio of 57.29, a PEG ratio of 4.56 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.33 billion. During the same period in the previous year, the firm posted $1.07 EPS. The firm's quarterly revenue was up 5.3% on a year-over-year basis. On average, research analysts expect 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 is a positive change from Realty Income's previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.5%. Realty Income's dividend payout ratio is presently 313.59%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on O shares. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Evercore ISI started coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set an "in-line" rating and a $62.00 price objective for the company. UBS Group boosted their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Barclays boosted their target price on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Realty Income in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $62.25.

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.

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.