Caitong International Asset Management Co. Ltd Increases Stake in Realty Income Corporation $O

Caitong International Asset Management Co. Ltd grew its holdings in shares of Realty Income Corporation (NYSE:O) by 14,952.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,860 shares of the real estate investment trust’s stock after purchasing an additional 2,841 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Realty Income were worth $165,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of O. Brighton Jones LLC grew its stake in Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 615 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of Realty Income in the fourth quarter valued at approximately $571,000. GAMMA Investing LLC increased its holdings in shares of Realty Income by 5.2% in the first quarter. GAMMA Investing LLC now owns 12,180 shares of the real estate investment trust’s stock valued at $707,000 after purchasing an additional 601 shares during the last quarter. Legacy Advisors LLC increased its stake in shares of Realty Income by 5.9% in the 1st quarter. Legacy Advisors LLC now owns 4,773 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 264 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Realty Income by 11.9% during the 1st quarter. Spire Wealth Management now owns 4,473 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 476 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on O shares. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Mizuho increased their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Scotiabank upped their price objective on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Finally, Cantor Fitzgerald began coverage on Realty Income in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.58.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction 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 sale, the director owned 19,211 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Realty Income Stock Down 0.0%

Shares of NYSE:O opened at $60.25 on Friday. The firm has a market capitalization of $55.08 billion, a PE ratio of 58.49, a price-to-earnings-growth ratio of 4.60 and a beta of 0.78. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.68. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s 50-day moving average is $59.37 and its two-hundred day moving average is $57.68.

Realty Income (NYSE:O) last posted 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 business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 EPS. Analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

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

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.