Kiker Wealth Management LLC Trims Position in Realty Income Corporation $O

Kiker Wealth Management LLC lessened its holdings in shares of Realty Income Corporation (NYSE:O) by 48.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 844 shares of the real estate investment trust’s stock after selling 805 shares during the quarter. Kiker Wealth Management LLC’s holdings in Realty Income were worth $49,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in shares of Realty Income during the 2nd quarter worth $25,000. Keystone Global Partners LLC acquired a new stake in shares of Realty Income during the 1st quarter worth $26,000. PSI Advisors LLC increased its holdings in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 252 shares during the last quarter. FSC Wealth Advisors LLC increased its holdings in shares of Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 455 shares during the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Realty Income during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.2%

Shares of NYSE O opened at $58.85 on Wednesday. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a market cap of $53.80 billion, a P/E ratio of 57.13, a P/E/G ratio of 4.49 and a beta of 0.78. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $59.02 and a 200 day moving average price of $57.51.

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 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 company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed 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 yield of 5.5%. The ex-dividend date of this dividend is Wednesday, October 1st. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is currently 313.59%.

Analyst Upgrades and Downgrades

O has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Evercore ISI initiated coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. Scotiabank upped their price objective 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 upped their price objective on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Finally, Barclays upped their price objective on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.25.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

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.