Scharf Investments LLC Increases Stock Holdings in Realty Income Co. (NYSE:O)

Scharf Investments LLC increased its holdings in Realty Income Co. (NYSE:O) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,724,893 shares of the real estate investment trust’s stock after buying an additional 122,613 shares during the period. Realty Income comprises about 4.0% of Scharf Investments LLC’s holdings, making the stock its 12th largest position. Scharf Investments LLC owned about 0.32% of Realty Income worth $147,417,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in O. American National Bank acquired a new position in Realty Income in the 4th quarter valued at about $25,000. Vima LLC purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Realty Income during the first quarter valued at approximately $27,000. Baystate Wealth Management LLC boosted its position in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $29,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on O shares. Scotiabank raised their target price on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Mizuho boosted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. UBS Group cut their price target on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, KeyCorp began coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.35.

Realty Income Stock Performance

Shares of NYSE:O traded down $0.25 during trading on Thursday, hitting $52.43. 6,198,686 shares of the company traded hands, compared to its average volume of 6,389,213. The stock has a market capitalization of $45.65 billion, a price-to-earnings ratio of 48.29, a PEG ratio of 4.61 and a beta of 0.94. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average is $53.63 and its 200-day moving average is $54.15.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. As a group, equities analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.263 per share. This represents a dividend yield of 6%. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date of this dividend is Monday, July 1st. Realty Income’s dividend payout ratio (DPR) is 291.67%.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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.