MBB Public Markets I LLC buys 44,801 shares of Realty Income Co. (NYSE:O)

MBB Public Markets I LLC raised its stake in shares of Realty Income Co. (NYSE:O – Free Report) by 279.8% during the second quarter, according to the company in its most recent SEC disclosure. The fund owned 60,815 shares of the real estate investment trust’s stock after purchasing an additional 44,801 shares during the quarter. MBB Public Markets I LLC’s holdings in Real Estate Income were worth $3,212,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake 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. Dimensional Fund Advisors LP boosted its stake in Realty Income by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock valued at $617,043,000 after acquiring an additional 413,865 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Realty Income by 2.2% in the first quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock valued at $498,514,000 after purchasing an additional 196,635 shares during the last quarter. APG Asset Management US Inc. grew its position in Real Estate Income by 3.1% in the 2nd quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust’s stock worth $454,502,000 after buying an additional 265,000 shares in the last quarter. Finally, Centersquare Investment Management LLC raised its position in Realty Income by 14.9% in the first quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust’s stock worth $365,379,000 after purchasing an additional 885,852 shares in the last quarter. 70.81% of the shares are currently owned by institutional investors and hedge funds.

Price performance of real estate income

Shares of O opened at $62.73 on Friday. The company has a market cap of $54.62 billion, a P/E ratio of 58.08, a price-to-earnings-growth ratio of 4.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39, and a current ratio of 1.39. Realty Income Co. it has a 52-week low of $45.03 and a 52-week high of $63.39. The company has a 50 day simple moving average of $60.83 and a two hundred day simple moving average of $56.04.

Realty Income (NYSE:O – Get Your Free Report ) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Real Estate Income had a return on equity of 3.27% and a net margin of 17.89%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business earned $1.00 EPS. Realty Income’s quarterly revenue was up 31.4% compared to the same quarter last year. Research analysts expect that Realty Income Co. to record 4.2 EPS for the current fiscal year.

Real estate income increases dividends

The company also recently announced a dividend on October 24th, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.2635 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a dividend yield of 5%. This is an increase from Realty Income’s previous dividend of $0.26 on October 24th. Realty Income’s dividend payout ratio (DPR) is currently 292.59%.

Analysts set new price targets

Several research analysts recently issued reports on O. JPMorgan Chase & Co. shares. boosted their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Scotiabank boosted their price target on Real Estate Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Wells Fargo & Company upped their target price on Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. UBS Group boosted their price target on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Stifel Nicolaus increased their target price on Real Estate Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $62.59, according to MarketBeat.

Check out the latest real estate income stock analysis

Insiders place their bets

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The transaction was disclosed in a legal filing with the SEC, which is available via this link. In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s shares.

About real estate income

(Free report)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and a member of the S&P 500 Dividend Aristocrats Index. We invest in people and places to deliver reliable monthly dividends that grow over time. The company is structured as a real estate investment trust (“REIT”) and its monthly dividends are supported by cash flow from more than 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) held primarily for the long term. net leases with commercial customers.

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