Securian Asset Management Inc. Has $2.72 Million Stock Holdings in Realty Income Corporation $O

Securian Asset Management Inc. grew its holdings in Realty Income Corporation (NYSE:O) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,215 shares of the real estate investment trust’s stock after purchasing an additional 933 shares during the quarter. Securian Asset Management Inc.’s holdings in Realty Income were worth $2,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after purchasing an additional 3,274,853 shares during the period. Dimensional Fund Advisors LP raised its stake in Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust’s stock worth $702,381,000 after buying an additional 451,307 shares during the period. Invesco Ltd. raised its stake in Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock worth $662,589,000 after buying an additional 48,024 shares during the period. Raymond James Financial Inc. raised its stake in Realty Income by 9.6% during the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock worth $658,813,000 after buying an additional 992,303 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Realty Income by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust’s stock worth $586,644,000 after buying an additional 123,501 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of Realty Income stock opened at $60.03 on Wednesday. The company has a market cap of $54.89 billion, a PE ratio of 58.29, a price-to-earnings-growth ratio of 4.63 and a beta of 0.78. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.68. The business has a 50 day moving average price of $59.27 and a 200-day moving average price of $57.61. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. Equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on O shares. Evercore ISI started coverage on Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target on the stock. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. UBS Group upped their price target on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, Cantor Fitzgerald started coverage on Realty Income in a research note on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Realty Income has a consensus rating of “Hold” and an average price target of $62.58.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

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.