Sowell Financial Services LLC Purchases 783 Shares of Realty Income Corporation $O

Sowell Financial Services LLC increased its position in shares of Realty Income Corporation (NYSE:O) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,108 shares of the real estate investment trust’s stock after purchasing an additional 783 shares during the period. Sowell Financial Services LLC’s holdings in Realty Income were worth $1,850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Keystone Global Partners LLC bought a new stake in Realty Income in the first quarter valued at $26,000. PSI Advisors LLC grew its position in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 252 shares during the period. FSC Wealth Advisors LLC grew its position in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 455 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Realty Income by 87.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 303 shares during the period. Finally, Banque Transatlantique SA bought a new stake in Realty Income in the first quarter valued at $45,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Down 0.1%

Shares of O opened at $59.08 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The firm has a market capitalization of $54.01 billion, a PE ratio of 57.36, a price-to-earnings-growth ratio of 4.52 and a beta of 0.77. The stock’s fifty day simple moving average is $58.18 and its 200-day simple moving average is $57.16.

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

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

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

Realty Income Company 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.