Realty Income Corporation $O Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. has increased its stake in Realty Income Corporation by 15.3%, now owning 58,057 shares valued at approximately $3.34 million.
• Realty Income recently announced a monthly dividend of $0.2695, reflecting a slight increase from the previous month's dividend, and a yield of 5.4%.
• Analysts have mixed ratings on Realty Income, with a consensus rating of "Hold" and an average target price of $62.25, indicating cautious optimism about the stock's future performance.

QRG Capital Management Inc. increased its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 15.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,057 shares of the real estate investment trust's stock after buying an additional 7,713 shares during the period. QRG Capital Management Inc.'s holdings in Realty Income were worth $3,345,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Realty Income in the 1st quarter valued at about $207,573,000. Vanguard Group Inc. increased its position in shares of Realty Income by 2.4% in the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock valued at $8,267,084,000 after buying an additional 3,274,853 shares in the last quarter. Centersquare Investment Management LLC increased its position in shares of Realty Income by 27.0% in the first quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock valued at $288,375,000 after buying an additional 1,055,840 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Realty Income by 9.6% during the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock worth $658,813,000 after buying an additional 992,303 shares during the period. Finally, Adelante Capital Management LLC lifted its position in shares of Realty Income by 1,380.2% during the 1st quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust's stock valued at $49,928,000 after buying an additional 802,526 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on O. Scotiabank boosted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Barclays boosted their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. UBS Group raised their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Evercore ISI assumed coverage on 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. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Realty Income in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Realty Income has a consensus rating of "Hold" and an average target price of $62.25.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Realty Income Stock Down 0.8%

Shares of NYSE:O opened at $59.90 on Tuesday. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The stock has a market cap of $54.77 billion, a P/E ratio of 58.16, a PEG ratio of 4.62 and a beta of 0.78. The business has a fifty day moving average of $58.79 and a two-hundred day moving average of $57.41. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the firm posted $1.07 EPS. The company's revenue was up 5.3% compared to the same quarter last year. 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 announced 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. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is presently 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.

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.