Loudon Investment Management LLC Raises Holdings in Realty Income Co. (NYSE:O)

Loudon Investment Management LLC lifted its stake in Realty Income Co. (NYSE:O) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,170 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the quarter. Loudon Investment Management LLC’s holdings in Realty Income were worth $748,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after buying an additional 20,848,560 shares during the period. Norges Bank acquired a new position in Realty Income during the fourth quarter valued at $506,526,000. Principal Financial Group Inc. boosted its holdings in Realty Income by 107.1% in the fourth quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock valued at $284,288,000 after purchasing an additional 2,560,597 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its position in Realty Income by 213.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after purchasing an additional 1,478,577 shares during the period. Finally, Raymond James & Associates raised its stake in shares of Realty Income by 76.6% during the 2nd quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock valued at $177,844,000 after buying an additional 1,460,884 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Realty Income

In related 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 transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by company insiders.

Realty Income Stock Up 0.1 %

Shares of NYSE O traded up $0.07 during mid-day trading on Friday, hitting $62.40. The company had a trading volume of 4,567,184 shares, compared to its average volume of 5,947,677. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $63.39. The company has a market capitalization of $54.34 billion, a PE ratio of 57.79, a price-to-earnings-growth ratio of 4.62 and a beta of 0.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The business’s 50-day simple moving average is $58.48 and its 200 day simple moving average is $54.98.

Realty Income (NYSE:O) last issued its earnings results 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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. Realty Income’s revenue was up 31.4% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. On average, analysts predict that Realty Income Co. will post 3.93 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.263 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a yield of 5.2%. Realty Income’s dividend payout ratio is presently 291.67%.

Wall Street Analysts Forecast Growth

Several analysts have commented on O shares. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Scotiabank increased their target price on Realty Income from $56.00 to $61.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Mizuho lifted their price target on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Royal Bank of Canada increased their price objective on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird raised their price objective on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.38.

About Realty Income

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.