Realty Income Corporation $O Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in shares of Realty Income Corporation (NYSE:O) by 9.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,136 shares of the real estate investment trust’s stock after selling 895 shares during the period. Bessemer Group Inc.’s holdings in Realty Income were worth $468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Realty Income by 2.4% in the first 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 boosted its position in shares of 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 acquiring an additional 451,307 shares in the last quarter. Invesco Ltd. boosted its position in shares of Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock valued at $662,589,000 after purchasing an additional 48,024 shares during the period. Raymond James Financial Inc. boosted its position in shares of Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock valued at $658,813,000 after purchasing an additional 992,303 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position 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 acquiring an additional 123,501 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $58.00 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $59.37 and a two-hundred day moving average of $57.93. The company has a market cap of $53.03 billion, a P/E ratio of 56.32, a PEG ratio of 4.46 and a beta of 0.78. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $61.08.

Realty Income (NYSE:O) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. As a group, analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $0.2695 dividend. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.6%. Realty Income’s dividend payout ratio is currently 313.59%.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s 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 completion of the sale, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on O shares. Cantor Fitzgerald began coverage on Realty Income in a research note on Wednesday, October 1st. They set a “neutral” rating and a $64.00 target price for the company. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Barclays raised their price objective on Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Mizuho lifted their target price on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus price target of $62.58.

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.