PDS Planning Inc Increases Stake in Realty Income Corporation $O

PDS Planning Inc raised its holdings in shares of Realty Income Corporation (NYSE:O) by 25.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,355 shares of the real estate investment trust’s stock after buying an additional 1,086 shares during the period. PDS Planning Inc’s holdings in Realty Income were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Moseley Investment Management Inc. lifted its position in Realty Income by 1.3% during the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock valued at $781,000 after purchasing an additional 175 shares during the last quarter. Castle Rock Wealth Management LLC lifted its position in Realty Income by 0.6% during the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 177 shares during the last quarter. Revisor Wealth Management LLC lifted its position in Realty Income by 2.3% during the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock valued at $454,000 after purchasing an additional 178 shares during the last quarter. Pure Financial Advisors LLC lifted its position in Realty Income by 3.5% during the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock valued at $318,000 after purchasing an additional 185 shares during the last quarter. Finally, N.E.W. Advisory Services LLC lifted its position in Realty Income by 1.2% during the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock valued at $899,000 after purchasing an additional 186 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on O shares. Evercore ISI started coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. Scotiabank increased their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. UBS Group raised 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. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Finally, Mizuho raised 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. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.25.

Realty Income Trading Down 0.7%

Shares of O opened at $58.26 on Monday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a 50-day moving average of $58.96 and a 200 day moving average of $57.48. The firm has a market capitalization of $53.27 billion, a price-to-earnings ratio of 56.56, a PEG ratio of 4.45 and a beta of 0.78. 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 (NYSE:O) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, research analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is 313.59%.

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.