Kingsview Wealth Management LLC Grows Stake in Realty Income Corporation $O

Kingsview Wealth Management LLC increased its position in shares of Realty Income Corporation (NYSE:O) by 9.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 104,233 shares of the real estate investment trust’s stock after acquiring an additional 9,290 shares during the period. Kingsview Wealth Management LLC’s holdings in Realty Income were worth $6,005,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Realty Income in the first quarter valued at $207,573,000. Vanguard Group Inc. grew its stake in Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after acquiring an additional 3,274,853 shares during the last quarter. Geode Capital Management LLC increased its holdings in Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after acquiring an additional 2,058,031 shares in the last quarter. ABN Amro Investment Solutions acquired a new position in Realty Income during the second quarter worth about $70,939,000. Finally, Centersquare Investment Management LLC raised its position in Realty Income by 27.0% during the first quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock worth $288,375,000 after acquiring an additional 1,055,840 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on O shares. Evercore ISI assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a report on Thursday. Scotiabank raised their price target on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Cantor Fitzgerald decreased their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, UBS Group lifted their price target 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. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $62.33.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Realty Income stock opened at $56.77 on Monday. The firm has a fifty day moving average of $59.05 and a 200-day moving average of $57.85. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.08. 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 firm has a market capitalization of $52.22 billion, a P/E ratio of 55.11, a PEG ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 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 $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a $0.2695 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 5.7%. Realty Income’s dividend payout ratio is presently 299.07%.

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.