Chicago Partners Investment Group LLC Boosts Position in Realty Income Corporation $O

Chicago Partners Investment Group LLC raised its position in Realty Income Corporation (NYSE:O) by 9.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,096 shares of the real estate investment trust’s stock after acquiring an additional 1,231 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Realty Income were worth $816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Realty Income during the 2nd quarter valued at about $25,000. Keystone Global Partners LLC bought a new stake in Realty Income during the first quarter valued at approximately $26,000. Hilltop National Bank purchased a new stake in Realty Income during the second quarter valued at approximately $36,000. CBIZ Investment Advisory Services LLC raised 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 worth $38,000 after acquiring an additional 303 shares during the period. Finally, ST Germain D J Co. Inc. raised its position in Realty Income by 309.2% in the second quarter. ST Germain D J Co. Inc. now owns 757 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 572 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $60.03 on Wednesday. The company has a current ratio of 1.85, a quick 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 $64.68. The stock has a 50-day moving average price of $59.27 and a 200 day moving average price of $57.61. The stock has a market capitalization of $54.89 billion, a P/E ratio of 58.29, a P/E/G ratio of 4.63 and a beta of 0.78.

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

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a dividend of $0.2695 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is presently 313.59%.

Analysts Set New Price Targets

O has been the subject of a number of recent research reports. Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. 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 target for the company. Mizuho raised their price objective on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Scotiabank boosted their price objective on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Finally, Cantor Fitzgerald assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set a “neutral” rating and a $64.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.58.

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.