Stanley Laman Group Ltd. Increases Stake in Realty Income Corporation $O

Key Points

• Stanley Laman Group Ltd. has increased its stake in Realty Income Corporation by 60.3%, now holding 29,303 shares valued at approximately $1.688 million.
• Realty Income recently announced a monthly dividend of $0.2695 per share, reflecting an annualized yield of 5.4%, scheduled for payment on November 14th.
• Major institutional investors are active in Realty Income, with Vanguard Group owning over 142 million shares after a recent increase of 2.4% in holdings.

Stanley Laman Group Ltd. raised its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 60.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,303 shares of the real estate investment trust's stock after purchasing an additional 11,018 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Realty Income were worth $1,688,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of O. Nuveen LLC bought a new position in shares of Realty Income in the 1st quarter worth approximately $207,573,000. Vanguard Group Inc. increased its position in 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 purchasing an additional 3,274,853 shares during the last quarter. Centersquare Investment Management LLC increased its position in 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 worth $288,375,000 after purchasing an additional 1,055,840 shares during the last quarter. Raymond James Financial Inc. increased its position in 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 valued at $658,813,000 after acquiring an additional 992,303 shares during the last quarter. Finally, Adelante Capital Management LLC grew its holdings in shares of Realty Income by 1,380.2% in the first quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust's stock worth $49,928,000 after purchasing an additional 802,526 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of the company's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on O shares. Mizuho upped their price objective on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a research report on Wednesday, October 8th. Finally, UBS Group lifted their price objective on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $62.25.

Realty Income Trading Up 1.1%

NYSE:O opened at $59.97 on Friday. The stock's 50 day simple moving average is $59.16 and its 200-day simple moving average is $57.55. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The firm has a market cap of $54.83 billion, a P/E ratio of 58.22, a PEG ratio of 4.53 and a beta of 0.78. 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 (NYSE:O - Get Free Report) last announced 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). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 EPS. Equities analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $0.2695 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, October 31st. Realty Income's dividend payout ratio is currently 313.59%.

Realty Income 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.

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