Natixis Advisors LLC Acquires 70,259 Shares of Realty Income Co. (NYSE:O)

Natixis Advisors LLC raised its stake in Realty Income Co. (NYSE:O) by 32.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 283,934 shares of the real estate investment trust’s stock after purchasing an additional 70,259 shares during the period. Natixis Advisors LLC’s holdings in Realty Income were worth $14,997,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in O. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 18.3% in the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after purchasing an additional 20,848,560 shares in the last quarter. Norges Bank purchased a new stake in Realty Income in the 4th quarter valued at about $506,526,000. Principal Financial Group Inc. lifted its position in shares of Realty Income by 107.1% during the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock worth $284,288,000 after buying an additional 2,560,597 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Realty Income by 213.3% in 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 buying an additional 1,478,577 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Realty Income by 76.6% during the second quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock valued at $177,844,000 after acquiring an additional 1,460,884 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on O shares. Stifel Nicolaus upped their price objective on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Mizuho lifted their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Wedbush initiated coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. Finally, Scotiabank lifted their price objective on shares of Realty Income from $56.00 to $61.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.38.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the 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 directly owns 5,257 shares in the company, valued at approximately $319,467.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Realty Income Price Performance

Shares of NYSE O opened at $62.71 on Thursday. The stock’s 50-day simple moving average is $58.09 and its two-hundred day simple moving average is $54.86. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $62.89. The firm has a market capitalization of $54.61 billion, a P/E ratio of 58.06, a P/E/G ratio of 4.62 and a beta of 0.96. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last posted its quarterly earnings data 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). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company posted $1.00 earnings per share. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, equities analysts anticipate that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

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.