Peterson Wealth Services Increases Holdings in Realty Income Corporation $O

Peterson Wealth Services grew its stake in Realty Income Corporation (NYSE:O) by 3.3% in the second quarter, Holdings Channel reports. The fund owned 33,489 shares of the real estate investment trust’s stock after purchasing an additional 1,084 shares during the period. Peterson Wealth Services’ holdings in Realty Income were worth $1,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of O. Moseley Investment Management Inc. lifted its position in shares of Realty Income by 1.3% during the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 175 shares during the last quarter. Castle Rock Wealth Management LLC raised its stake in Realty Income by 0.6% in the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after buying an additional 177 shares in the last quarter. Revisor Wealth Management LLC lifted its holdings in Realty Income by 2.3% during the 2nd 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 last quarter. Pure Financial Advisors LLC boosted its position in shares of Realty Income by 3.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 185 shares in the last quarter. Finally, N.E.W. Advisory Services LLC boosted its position in shares of Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock worth $899,000 after acquiring an additional 186 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Realty Income stock opened at $60.03 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 business has a 50 day simple moving average of $59.40 and a 200-day simple moving average of $57.74. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $63.29. The stock has a market capitalization of $54.89 billion, a PE ratio of 58.28, a price-to-earnings-growth ratio of 4.60 and a beta of 0.78.

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 return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.2695 per share. 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 is 313.59%.

Analyst Ratings Changes

Several brokerages have recently weighed in on O. UBS Group boosted their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Barclays upped their target price on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday. 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 price target on the stock. Evercore ISI assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Finally, Mizuho lifted their target price on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.58.

Insider Activity at Realty Income

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