Realty Income Corporation $O Shares Bought by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC grew its stake in shares of Realty Income Corporation (NYSE:O) by 23.7% during the second quarter, Holdings Channel reports. The firm owned 4,964 shares of the real estate investment trust’s stock after purchasing an additional 952 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Realty Income were worth $286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norinchukin Bank The raised its holdings in Realty Income by 9.7% during the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock worth $4,929,000 after purchasing an additional 7,497 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Realty Income by 5.3% during the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock worth $23,018,000 after purchasing an additional 19,965 shares in the last quarter. Community Bank of Raymore raised its holdings in Realty Income by 19.7% during the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock worth $8,636,000 after purchasing an additional 24,467 shares in the last quarter. Venture Visionary Partners LLC raised its holdings in Realty Income by 6.2% during the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock worth $8,266,000 after purchasing an additional 8,297 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Realty Income by 0.4% during the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock worth $662,589,000 after purchasing an additional 48,024 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Realty Income Stock Performance

Shares of O opened at $60.48 on Tuesday. The business’s 50 day moving average is $58.53 and its two-hundred day moving average is $57.28. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The firm has a market cap of $55.30 billion, a price-to-earnings ratio of 58.72, a PEG ratio of 4.61 and a beta of 0.77. 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 (NYSE:O) last announced its 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts forecast that Realty Income Corporation will post 4.19 EPS 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 given a $0.2695 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is currently 313.59%.

Realty Income 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.