World Investment Advisors Purchases 764 Shares of Realty Income Corporation $O

World Investment Advisors raised its stake in shares of Realty Income Corporation (NYSE:O) by 0.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 130,743 shares of the real estate investment trust’s stock after purchasing an additional 764 shares during the period. World Investment Advisors’ holdings in Realty Income were worth $7,532,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of O. Brighton Jones LLC grew its holdings in Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 615 shares during the period. Bison Wealth LLC bought a new stake in Realty Income during the fourth quarter valued at about $571,000. Bessemer Group Inc. grew its holdings in Realty Income by 17.7% during the first quarter. Bessemer Group Inc. now owns 9,031 shares of the real estate investment trust’s stock valued at $524,000 after purchasing an additional 1,360 shares during the period. Ameritas Advisory Services LLC boosted its stake in shares of Realty Income by 1.5% in the first quarter. Ameritas Advisory Services LLC now owns 26,998 shares of the real estate investment trust’s stock worth $1,459,000 after acquiring an additional 399 shares during the period. Finally, Koshinski Asset Management Inc. bought a new position in shares of Realty Income in the first quarter worth about $210,000. Institutional investors own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the 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 sale, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Realty Income Trading Down 1.5%

O opened at $58.34 on Thursday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $53.34 billion, a P/E ratio of 56.64, a PEG ratio of 4.52 and a beta of 0.78. The stock’s fifty day moving average is $59.42 and its two-hundred day moving average is $57.90. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $61.08.

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 the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. Analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a dividend of $0.2695 per share. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is 313.59%.

Analysts Set New Price Targets

O has been the subject of a number of recent analyst reports. Mizuho upped 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. Evercore ISI initiated coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target on the stock. Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus price target of $62.58.

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.