Realty Income Corporation $O Stock Holdings Decreased by Vanderbilt University

Key Points

• Vanderbilt University has decreased its holdings in Realty Income Corporation by 17.2%, selling 6,595 shares, leaving them with 31,715 shares valued at approximately $1.83 million.
• Research firms have varied opinions on the stock, with Barclays and UBS increasing their price targets to $59.00 and $66.00 respectively, while the average analyst rating remains a "Hold" with an average target price of $62.25.
• Realty Income has announced an increase in its monthly dividend to $0.2695, effective October 15th, reflecting a dividend yield of 5.4%.

Vanderbilt University reduced its position in Realty Income Corporation (NYSE:O - Free Report) by 17.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,715 shares of the real estate investment trust's stock after selling 6,595 shares during the period. Vanderbilt University's holdings in Realty Income were worth $1,827,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. 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 worth $8,267,084,000 after acquiring an additional 3,274,853 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Realty Income by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock worth $702,381,000 after purchasing an additional 451,307 shares during the period. Invesco Ltd. boosted its holdings in shares of Realty Income by 0.4% during the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after purchasing an additional 48,024 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Realty Income by 9.6% during the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock worth $658,813,000 after purchasing an additional 992,303 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Realty Income by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock worth $586,644,000 after purchasing an additional 123,501 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on O. Barclays raised their price target on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Evercore ISI began coverage on shares of Realty Income in a report on Wednesday. They set an "in-line" rating and a $62.00 price target for the company. UBS Group raised their price target 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. Scotiabank raised 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. Finally, Cantor Fitzgerald assumed coverage on shares of Realty Income in a research report on Wednesday. They issued a "neutral" rating and a $64.00 target price for the company. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $62.25.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company's stock in a transaction 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 transaction, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company's stock.

Realty Income Price Performance

Shares of Realty Income stock opened at $60.08 on Friday. The firm has a fifty day simple moving average of $58.68 and a 200-day simple moving average of $57.34. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The stock has a market capitalization of $54.93 billion, a price-to-earnings ratio of 58.33, a PEG ratio of 4.62 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last issued 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 return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Realty Income's quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side 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. Stockholders of record on Wednesday, October 1st will be paid a $0.2695 dividend. The ex-dividend date 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 dividend yield of 5.4%. Realty Income's dividend payout ratio 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.

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.