Kempner Capital Management Inc. Buys New Position in Realty Income Co. (NYSE:O)

Kempner Capital Management Inc. bought a new stake in shares of Realty Income Co. (NYSE:O) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 54,888 shares of the real estate investment trust’s stock, valued at approximately $2,899,000.

Several other hedge funds have also modified their holdings of the stock. WASHINGTON TRUST Co increased its holdings in Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 197 shares during the last quarter. Essex Financial Services Inc. increased its holdings in Realty Income by 1.5% during the 1st quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust’s stock worth $726,000 after purchasing an additional 199 shares during the last quarter. Optimum Investment Advisors increased its holdings in Realty Income by 11.1% during the 2nd quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 200 shares during the last quarter. First Affirmative Financial Network increased its holdings in Realty Income by 2.1% during the 1st quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock worth $532,000 after purchasing an additional 201 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its holdings in Realty Income by 0.3% during the 4th quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock worth $3,812,000 after purchasing an additional 204 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Up 1.0 %

Shares of Realty Income stock traded up $0.60 on Monday, reaching $60.65. 1,015,531 shares of the company were exchanged, compared to its average volume of 6,097,327. The stock has a fifty day moving average price of $55.85 and a 200-day moving average price of $54.08. The firm has a market capitalization of $52.81 billion, a price-to-earnings ratio of 56.07, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $61.60.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm posted $1.00 EPS. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. On average, analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The company also recently announced a sep 24 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be paid a $0.263 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s dividend payout ratio (DPR) is currently 291.67%.

Wall Street Analyst Weigh In

O has been the subject of several research reports. Wedbush initiated coverage on Realty Income in a research report on Monday. They issued a “neutral” rating and a $64.00 target price for the company. Scotiabank lifted their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. UBS Group boosted their price objective on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Mizuho boosted their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $61.73.

Realty Income Company 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.