SVB Wealth LLC Takes $877,000 Position in Realty Income Corporation $O

SVB Wealth LLC purchased a new stake in Realty Income Corporation (NYSE:O) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,231 shares of the real estate investment trust’s stock, valued at approximately $877,000.

Several other hedge funds have also added to or reduced their stakes in O. Norges Bank bought a new position in shares of Realty Income in the second quarter valued at about $676,500,000. Vanguard Group Inc. boosted its holdings in shares of Realty Income by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after buying an additional 3,624,852 shares during the period. Nuveen LLC acquired a new position in Realty Income in the 1st quarter valued at about $207,573,000. Geode Capital Management LLC raised its holdings in Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after acquiring an additional 2,058,031 shares during the period. Finally, Schroder Investment Management Group raised its holdings in Realty Income by 420.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock valued at $123,259,000 after acquiring an additional 1,728,082 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Down 0.5%

O opened at $57.02 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.08. The stock has a market capitalization of $52.45 billion, a price-to-earnings ratio of 52.79, a P/E/G ratio of 3.60 and a beta of 0.80. The company has a 50-day simple moving average of $58.17 and a 200 day simple moving average of $57.99.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, December 31st. This is a boost from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.7%. Realty Income’s dividend payout ratio is currently 299.07%.

Analyst Ratings Changes

O has been the topic of a number of recent research reports. Mizuho increased their target price on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Scotiabank upped their price objective on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Barclays lifted their target price on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Cantor Fitzgerald decreased their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Wells Fargo & Company raised their price target on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $62.23.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income 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 transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.