Realty Income Corporation $O Shares Acquired by Wealth Quarterback LLC

Wealth Quarterback LLC grew its position in shares of Realty Income Corporation (NYSE:O) by 40.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,665 shares of the real estate investment trust’s stock after purchasing an additional 1,908 shares during the quarter. Wealth Quarterback LLC’s holdings in Realty Income were worth $384,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in O. Compagnie Lombard Odier SCmA acquired a new stake in Realty Income during the second quarter valued at $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income in the first quarter worth about $26,000. Avion Wealth boosted its stake in shares of Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Realty Income during the 2nd quarter worth about $36,000. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of Realty Income by 87.6% during 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 acquiring an additional 303 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

O has been the subject of a number of analyst reports. Evercore ISI started coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target for the company. Scotiabank boosted their price objective on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Cantor Fitzgerald reduced their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Barclays increased their target price on Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.33.

Realty Income Trading Up 1.4%

O stock opened at $57.16 on Wednesday. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08. The business’s 50-day moving average is $59.15 and its 200 day moving average is $57.87. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market cap of $52.58 billion, a price-to-earnings ratio of 55.50, a PEG ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, sell-side analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $0.2695 dividend. The ex-dividend date is Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 299.07%.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction 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 owned 19,211 shares of the company’s stock, valued at $1,160,920.73. The trade was a 36.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

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.