Mutual of America Capital Management LLC Lowers Stock Position in Realty Income Corporation $O

Mutual of America Capital Management LLC lessened its holdings in Realty Income Corporation (NYSE:O) by 2.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 103,561 shares of the real estate investment trust’s stock after selling 2,773 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Realty Income were worth $5,966,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Moseley Investment Management Inc. lifted its position in shares of Realty Income by 1.3% in the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 175 shares during the period. Castle Rock Wealth Management LLC lifted its position in Realty Income by 0.6% during the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after acquiring an additional 177 shares during the last quarter. Revisor Wealth Management LLC lifted its position in Realty Income by 2.3% during the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock valued at $454,000 after acquiring an additional 178 shares during the last quarter. Pure Financial Advisors LLC lifted its position in Realty Income by 3.5% during the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock valued at $318,000 after acquiring an additional 185 shares during the last quarter. Finally, N.E.W. Advisory Services LLC lifted its position in Realty Income by 1.2% during the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock valued at $899,000 after acquiring an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on O shares. Evercore ISI started coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price for the company. Barclays increased their target price on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Monday. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Finally, Scotiabank increased their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.58.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Realty Income Trading Down 1.0%

NYSE O opened at $60.03 on Wednesday. The company has a fifty day simple moving average of $59.27 and a two-hundred day simple moving average of $57.61. The stock has a market cap of $54.89 billion, a P/E ratio of 58.29, a P/E/G ratio of 4.63 and a beta of 0.78. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.68. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 EPS. On average, analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a $0.2695 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is currently 313.59%.

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.