Realty Income Corporation $O Shares Bought by LongView Wealth Management

LongView Wealth Management boosted its position in shares of Realty Income Corporation (NYSE:O) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,876 shares of the real estate investment trust’s stock after acquiring an additional 1,272 shares during the period. LongView Wealth Management’s holdings in Realty Income were worth $2,182,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $571,000. Tidal Investments LLC boosted its holdings in shares of Realty Income by 26.6% in the 4th quarter. Tidal Investments LLC now owns 44,434 shares of the real estate investment trust’s stock valued at $2,361,000 after buying an additional 9,337 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Realty Income in the 4th quarter valued at $2,795,000. Finally, Waverly Advisors LLC boosted its holdings in shares of Realty Income by 26.2% in the 4th quarter. Waverly Advisors LLC now owns 27,845 shares of the real estate investment trust’s stock valued at $1,487,000 after buying an additional 5,774 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O opened at $59.21 on Friday. The company has a 50-day simple moving average of $58.17 and a 200-day simple moving average of $57.17. 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 company has a market capitalization of $54.14 billion, a PE ratio of 57.49, a P/E/G ratio of 4.52 and a beta of 0.77. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business earned $1.07 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This is an increase from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. This represents a c) annualized dividend and a yield of 5.5%. Realty Income’s payout ratio is 313.59%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on O shares. Mizuho upped their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Barclays upped their target price on shares of Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. UBS Group increased their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, Scotiabank increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.36.

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.