J.W. Cole Advisors Inc. Purchases 3,405 Shares of Realty Income Corporation $O

J.W. Cole Advisors Inc. lifted its position in Realty Income Corporation (NYSE:O) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,518 shares of the real estate investment trust’s stock after buying an additional 3,405 shares during the period. J.W. Cole Advisors Inc.’s holdings in Realty Income were worth $6,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Norinchukin Bank The increased its holdings in Realty Income by 9.7% during the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock valued at $4,929,000 after buying an additional 7,497 shares during the last quarter. Trust Co. of Vermont boosted its stake in shares of Realty Income by 2.7% during the 2nd quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock worth $15,134,000 after acquiring an additional 6,885 shares during the last quarter. Community Bank of Raymore boosted its stake in shares of Realty Income by 19.7% during the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock worth $8,636,000 after acquiring an additional 24,467 shares during the last quarter. Venture Visionary Partners LLC grew its position in shares of Realty Income by 6.2% during the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock valued at $8,266,000 after acquiring an additional 8,297 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock worth $662,589,000 after purchasing an additional 48,024 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction that occurred 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 directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

O has been the topic of a number of recent research reports. UBS Group raised their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research report on Wednesday, November 19th. Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Wells Fargo & Company increased their target price on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Royal Bank Of Canada raised their target price on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Realty Income presently has an average rating of “Hold” and an average price target of $62.15.

Realty Income Trading Up 0.4%

Shares of O opened at $56.73 on Wednesday. The firm has a market cap of $52.18 billion, a P/E ratio of 55.07, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77. 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 1 year low of $50.71 and a 1 year high of $61.08. The company has a 50 day simple moving average of $58.62 and a two-hundred day simple moving average of $57.85.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. Realty Income’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

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.