Avion Wealth Grows Holdings in Realty Income Corporation $O

Avion Wealth boosted its holdings in shares of Realty Income Corporation (NYSE:O) by 142.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 526 shares of the real estate investment trust’s stock after purchasing an additional 309 shares during the period. Avion Wealth’s holdings in Realty Income were worth $30,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Realty Income during the first quarter worth about $207,573,000. Vanguard Group Inc. raised its stake in Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after acquiring an additional 3,274,853 shares during the last quarter. Centersquare Investment Management LLC lifted its position in Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock worth $288,375,000 after acquiring an additional 1,055,840 shares during the period. Raymond James Financial Inc. grew its stake in shares of Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock valued at $658,813,000 after purchasing an additional 992,303 shares during the last quarter. Finally, Adelante Capital Management LLC grew its stake in shares of Realty Income by 1,380.2% in the 1st quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust’s stock valued at $49,928,000 after purchasing an additional 802,526 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

NYSE:O opened at $60.25 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $55.08 billion, a PE ratio of 58.49, a P/E/G ratio of 4.60 and a beta of 0.78. The firm has a 50 day simple moving average of $59.37 and a 200-day simple moving average of $57.68. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.68.

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). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. On average, equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income’s payout ratio is currently 313.59%.

Wall Street Analyst Weigh In

Several research firms have issued reports on O. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. 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. Barclays increased 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. Scotiabank boosted 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. Finally, Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $62.58.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

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.