Realty Income Corporation $O Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its holdings in Realty Income Corporation by 32.7% during the 2nd quarter, acquiring an additional 433,870 shares, bringing its total ownership to approximately $99.99 million.
• Several other hedge funds have adjusted their positions, with notable increases including a 230.4% growth by Farther Finance Advisors LLC and a 11.2% rise by Brighton Jones LLC.
• Realty Income recently declared a monthly dividend of $0.2695, increasing from the previous amount, representing an annualized yield of 5.6%.

Aberdeen Group plc lifted its position in Realty Income Corporation (NYSE:O - Free Report) by 32.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,760,649 shares of the real estate investment trust's stock after acquiring an additional 433,870 shares during the period. Aberdeen Group plc owned 0.19% of Realty Income worth $99,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in O. Brighton Jones LLC increased its position in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after acquiring an additional 615 shares during the period. Bison Wealth LLC acquired a new stake in Realty Income during the 4th quarter worth about $571,000. Farther Finance Advisors LLC grew its position in Realty Income by 230.4% during the 1st quarter. Farther Finance Advisors LLC now owns 18,145 shares of the real estate investment trust's stock worth $1,037,000 after purchasing an additional 12,654 shares during the period. Wealthcare Advisory Partners LLC grew its position in Realty Income by 10.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 22,269 shares of the real estate investment trust's stock worth $1,292,000 after purchasing an additional 2,066 shares during the period. Finally, GAMMA Investing LLC grew its position in Realty Income by 5.2% during the 1st quarter. GAMMA Investing LLC now owns 12,180 shares of the real estate investment trust's stock worth $707,000 after purchasing an additional 601 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on O. Mizuho increased their price target on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Barclays increased their price target on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a research report on Wednesday. Finally, UBS Group increased their price target on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $62.25.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 11,000 shares of the firm's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company's stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.

Realty Income Price Performance

NYSE:O opened at $58.26 on Friday. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $53.27 billion, a PE ratio of 56.56, a price-to-earnings-growth ratio of 4.48 and a beta of 0.78. The stock's 50-day moving average price is $58.96 and its 200-day moving average price is $57.47.

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 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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned $1.07 earnings per share. Realty Income's revenue was up 5.3% on a year-over-year basis. As a group, equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid 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 5.6%. This is a boost from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio is 313.59%.

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.

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