Focus Partners Advisor Solutions LLC Acquires 10,978 Shares of Realty Income Corporation $O

Focus Partners Advisor Solutions LLC increased its holdings in shares of Realty Income Corporation (NYSE:O) by 104.3% during the second quarter, Holdings Channel.com reports. The fund owned 21,502 shares of the real estate investment trust’s stock after purchasing an additional 10,978 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Realty Income were worth $1,239,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in Realty Income in the 2nd quarter valued at about $25,000. Keystone Global Partners LLC bought a new position in Realty Income in the 1st quarter valued at about $26,000. Avion Wealth increased its holdings in Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares during the period. Hilltop National Bank bought a new position in Realty Income in the 2nd quarter valued at about $36,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in Realty Income by 87.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 303 shares during the period. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on O shares. UBS Group raised their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Cantor Fitzgerald initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target on the stock. Scotiabank lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Finally, Mizuho lifted their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus price target of $62.58.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Stock Up 0.7%

NYSE:O opened at $60.38 on Tuesday. The firm’s 50 day simple moving average is $59.45 and its 200 day simple moving average is $57.84. 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 Corporation has a one year low of $50.71 and a one year high of $62.11. The company has a market cap of $55.21 billion, a PE ratio of 58.63, a P/E/G ratio of 4.58 and a beta of 0.78.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. On average, research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

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

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.