Pacifica Partners Inc. Acquires 400 Shares of Realty Income Co. (NYSE:O)

Pacifica Partners Inc. increased its stake in Realty Income Co. (NYSE:O) by 444.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 490 shares of the real estate investment trust’s stock after acquiring an additional 400 shares during the quarter. Pacifica Partners Inc.’s holdings in Realty Income were worth $26,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Jamison Private Wealth Management Inc. raised its stake in Realty Income by 3.5% during the 2nd quarter. Jamison Private Wealth Management Inc. now owns 19,879 shares of the real estate investment trust’s stock worth $1,050,000 after buying an additional 673 shares during the period. Foresight Capital Management Advisors Inc. raised its position in shares of Realty Income by 10.9% during the second quarter. Foresight Capital Management Advisors Inc. now owns 17,259 shares of the real estate investment trust’s stock worth $912,000 after purchasing an additional 1,698 shares during the period. Simplicity Wealth LLC lifted its holdings in shares of Realty Income by 14.3% in the 2nd quarter. Simplicity Wealth LLC now owns 25,859 shares of the real estate investment trust’s stock worth $1,366,000 after purchasing an additional 3,233 shares in the last quarter. Lantz Financial LLC acquired a new stake in Realty Income in the 2nd quarter valued at $234,000. Finally, NovaPoint Capital LLC increased its stake in Realty Income by 3.8% during the 2nd quarter. NovaPoint Capital LLC now owns 8,906 shares of the real estate investment trust’s stock valued at $470,000 after purchasing an additional 323 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of Realty Income stock traded up $0.43 on Friday, reaching $60.65. 1,589,873 shares of the company traded hands, compared to its average volume of 6,154,284. The company has a 50 day moving average of $55.08 and a 200 day moving average of $53.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $61.60. The firm has a market capitalization of $52.81 billion, a PE ratio of 55.85, a PEG ratio of 5.05 and a beta of 0.96.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the company posted $1.00 earnings per share. Equities analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s dividend payout ratio is currently 291.67%.

Analyst Ratings Changes

A number of research analysts have weighed in on O shares. UBS Group raised their price objective on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Mizuho lifted their price target on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Scotiabank boosted their price objective on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Royal Bank of Canada raised their target price on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Robert W. Baird upped their price target on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.57.

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.