Marco Investment Management LLC Sells 1,020 Shares of Realty Income Co. (NYSE:O)

Marco Investment Management LLC trimmed its position in Realty Income Co. (NYSE:O) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,270 shares of the real estate investment trust’s stock after selling 1,020 shares during the quarter. Marco Investment Management LLC’s holdings in Realty Income were worth $3,236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of O. American National Bank acquired a new stake in Realty Income in the 4th quarter worth about $25,000. Vima LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $25,000. Pacifica Partners Inc. boosted its stake in shares of Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares during the period. Northwest Investment Counselors LLC acquired a new stake in Realty Income during the first quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc grew its position in Realty Income by 69.6% during the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 217 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Realty Income Price Performance

Realty Income stock opened at $62.81 on Wednesday. The stock has a 50-day moving average price of $58.89 and a two-hundred day moving average price of $55.16. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $63.39. The company has a market capitalization of $54.70 billion, a PE ratio of 58.16, a P/E/G ratio of 4.64 and a beta of 0.99. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business earned $1.00 EPS. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. Analysts expect that Realty Income Co. will post 3.93 EPS for the current year.

Realty Income Announces Dividend

The business also recently disclosed a oct 24 dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a $0.2635 dividend. Realty Income’s payout ratio is 292.59%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Scotiabank upped their target price on Realty Income from $56.00 to $61.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Royal Bank of Canada increased their price objective on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. UBS Group raised their target price on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Stifel Nicolaus upped their price target on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $62.38.

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.