HBK Sorce Advisory LLC Acquires 1,534 Shares of Realty Income Corporation $O

HBK Sorce Advisory LLC grew its holdings in Realty Income Corporation (NYSE:O) by 11.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,383 shares of the real estate investment trust’s stock after buying an additional 1,534 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Realty Income were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Realty Income by 11.2% during the 4th 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 shares of Realty Income during the 4th quarter valued at $571,000. Koshinski Asset Management Inc. bought a new stake in shares of Realty Income during the first quarter valued at about $210,000. Clear Creek Financial Management LLC increased its position in shares of Realty Income by 62.4% during the first quarter. Clear Creek Financial Management LLC now owns 6,809 shares of the real estate investment trust’s stock valued at $395,000 after buying an additional 2,617 shares during the period. Finally, DAVENPORT & Co LLC increased its position in shares of Realty Income by 5.6% during the first quarter. DAVENPORT & Co LLC now owns 121,501 shares of the real estate investment trust’s stock valued at $7,047,000 after buying an additional 6,406 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.7%

Shares of NYSE O opened at $57.93 on Friday. Realty Income Corporation has a one year low of $50.71 and a one year high of $61.08. 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’s 50 day simple moving average is $59.39 and its two-hundred day simple moving average is $57.90. The stock has a market capitalization of $52.97 billion, a P/E ratio of 56.24, a PEG ratio of 4.46 and a beta of 0.78.

Realty Income (NYSE:O) last released 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 net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business posted $1.07 EPS. Realty Income’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed 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 5.6%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is 313.59%.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on O shares. Cantor Fitzgerald initiated coverage on Realty Income in a research report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target on the stock. Mizuho upped their target price on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. UBS Group upped 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. Evercore ISI began 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 on the stock. Finally, Scotiabank upped their price target 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. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.58.

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.