Osaic Holdings Inc. Grows Holdings in Realty Income Corporation $O

Osaic Holdings Inc. boosted its position in shares of Realty Income Corporation (NYSE:O) by 15.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 464,621 shares of the real estate investment trust’s stock after acquiring an additional 62,837 shares during the period. Osaic Holdings Inc. owned 0.05% of Realty Income worth $26,779,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Realty Income during the 2nd quarter valued at $676,500,000. Vanguard Group Inc. increased its stake in Realty Income by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after buying an additional 3,624,852 shares in the last quarter. Geode Capital Management LLC raised its holdings in Realty Income by 8.3% during the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after acquiring an additional 2,058,031 shares during the period. Schroder Investment Management Group lifted its position in shares of Realty Income by 420.0% in the second quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock valued at $123,259,000 after acquiring an additional 1,728,082 shares in the last quarter. Finally, ABN Amro Investment Solutions bought a new position in shares of Realty Income in the second quarter worth about $70,939,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Down 1.1%

Shares of O opened at $57.46 on Wednesday. The stock has a market capitalization of $52.86 billion, a PE ratio of 53.20, a P/E/G ratio of 3.64 and a beta of 0.80. The company’s fifty day moving average is $57.91 and its 200 day moving average is $58.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.27 dividend. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.6%. Realty Income’s dividend payout ratio (DPR) is 299.07%.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business’s 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 transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Monday. Barclays upped their target price on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Scotiabank raised 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 note on Thursday, August 28th. Finally, Royal Bank Of Canada boosted their price target on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $62.25.

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.