D.A. Davidson & CO. Buys 835 Shares of Realty Income Corporation $O

D.A. Davidson & CO. lifted its stake in shares of Realty Income Corporation (NYSE:O) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,991 shares of the real estate investment trust’s stock after acquiring an additional 835 shares during the period. D.A. Davidson & CO.’s holdings in Realty Income were worth $14,575,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Moseley Investment Management Inc. increased its position in shares of Realty Income by 1.3% during the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after acquiring an additional 175 shares in the last quarter. Castle Rock Wealth Management LLC boosted its position in shares of Realty Income by 0.6% during the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 177 shares during the period. Revisor Wealth Management LLC boosted its position in shares of Realty Income by 2.3% during the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 178 shares during the period. Pure Financial Advisors LLC boosted its position in shares of Realty Income by 3.5% during the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 185 shares during the period. Finally, N.E.W. Advisory Services LLC boosted its position in shares of Realty Income by 1.2% during the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock worth $899,000 after buying an additional 186 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income 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 owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on O shares. Barclays upped their price objective on Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Monday. UBS Group increased their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Scotiabank increased their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Cantor Fitzgerald started coverage on shares of Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 target price for the company. Finally, Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price for the company. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.58.

Realty Income Stock Performance

Shares of O opened at $60.24 on Thursday. The firm has a 50-day moving average of $59.32 and a 200-day moving average of $57.63. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.68. The company has a market cap of $55.07 billion, a PE ratio of 58.48, a price-to-earnings-growth ratio of 4.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85.

Realty Income (NYSE:O) last announced its quarterly earnings data 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 net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business earned $1.07 EPS. The business’s revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $0.2695 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is 313.59%.

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.