In the second quarter of this year, Duncker Streett & Co. Inc. reduced its position in Realty Income Co. by 15.3%, according to a disclosure made with the Securities and Exchange Commission (SEC). The fund sold 2,688 shares, leaving it with 14,903 shares of the real estate investment trust’s stock at the end of the reporting period. The value of Duncker Streett & Co. Inc.’s holdings in Realty Income amounted to $891,000.
Realty Income, known as “The Monthly Dividend Company,” is an S&P 500 company and a member of the S&P 500 Dividend Aristocrats index. The company’s primary focus is to invest in both individuals and locations to provide reliable monthly dividends that increase over time. Operated as a real estate investment trust (REIT), Realty Income generates its monthly dividends from the cash flow received from over 13,100 real estate properties. These properties are primarily owned under long-term net lease agreements with commercial clients.
Recently, Realty Income announced its dividend for October 23rd which will be paid on Friday, October 13th. Shareholders who were recorded as such on Monday, October 2nd will receive a dividend of $0.256 per share—an increase compared to their previous dividend of $0.26 for the same period last year. This represents a yield of 5.6%. The ex-dividend date, which determines eligibility for receiving the upcoming dividend payment, was set for Friday, September 29th.
Currently, Realty Income’s payout ratio stands at 229.10%. This indicates that the company is paying out more in dividends than it is earning as income—highlighting their commitment to providing shareholders with consistent and growing returns.
As of October 2nd, these developments showcase both the changes in ownership within Realty Income and highlight their ongoing efforts to deliver increasing dividends to their shareholders.
Realty Income Corporation
O
Strong Buy
Updated on: 04/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Institutional Investors Drive Changes in Realty Income Corporation’s Shareholder Base as Company Shows Promise
Realty Income Corporation, also known as The Monthly Dividend Company, experienced some notable changes in its shareholder base recently. Hedge funds and other institutional investors made modifications to their holdings, providing insight into the company’s performance and potential.
Powers Advisory Group LLC increased its stake in Realty Income by 2.7% during the second quarter of this year. This move resulted in Powers Advisory Group now owning 8,740 shares of Realty Income’s stock, which are valued at approximately $523,000. The additional acquisition of 227 shares during the period contributed to this boost.
Bank Julius Baer & Co. Ltd Zurich witnessed a significant lift of 99,350.9% in its holdings of Realty Income during the second quarter as well. The company now boasts ownership of 8,703,941 shares of Realty Income’s stock, worth a staggering $520,409,000 after acquiring an additional 8,695,189 shares last quarter.
Naviter Wealth LLC also played a role in elevating Realty Income by raising its position by 8.1%. Its newly acquired 31,081 shares contribute to a total value of approximately $1,866,000 for the real estate investment trust (REIT).
It is worth mentioning that Tarbox Family Office Inc., another institutional investor in Realty Income Corporation gained an additional 3,489 shares amounting to $10,911 million while Baugh & Associates LLC increased its stake by 1.6%, adding a modest quantity of 935 additional shares valued at about $3.48 million.
Overall data indicates that institutional investors currently hold around 78.82% of Realty Income Corporation’s stock.
In terms of market performance and pricing analysis on October 2nd,
shares of NYSE:O opened at $49.94. The stock maintained a steady course with a 50-day moving average resting at $56.54 and a longer-term 200-day moving average at $59.47.
Investors can note the company’s 12-month price range, starting from a low of $49.38 to a high of $68.85, which showcases fluctuation in value over the past year.
Realty Income Corporation boasts a current ratio and quick ratio of 1.56, indicating a strong financial position and ability to meet short-term obligations. Additionally, its debt-to-equity ratio stands at an acceptable level of 0.63.
As of October 2nd, Realty Income’s market capitalization stands at an impressive $35.40 billion, exhibiting its significant presence among the industry peers.
Realty Income characterizes itself as a leading real estate investment trust that prioritizes investing in people and places to provide dependable monthly dividends that continue to rise over time. The company’s success is built on its portfolio of more than 13,100 real estate properties primarily held under long-term net lease agreements with commercial clients.
In terms of research analyst reports on Realty Income Corporation (NYSE:O), Royal Bank of Canada lowered their target price from $68.00 to $67.00 but remained confident in the company’s prospects, giving it an “outperform” rating.
Conversely, TheStreet lowered Realty Income’s rating from “b-” to “c+”, while StockNews.com began coverage on the stock with a “sell” rating. Robert W. Baird maintained a “neutral” rating while setting a price target for Realty Income at $69.00.
Wells Fargo & Company recently initiated coverage on Realty Income Corporation with an “equal weight” rating and set a target price of $59.00
Taking all these ratings and assessments into account indicates a consensus among analysts that suggests holding onto Realty Income Corporation shares may be the most prudent approach for investors at this time.
In conclusion, recent institutional investor activity has shaped Realty Income’s shareholder base, and with a strong market presence and dependable dividends, the company remains an attractive investment option for those looking to capitalize on real estate opportunities.
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