RFG Advisory LLC Purchases 3,064 Shares of Realty Income Corporation $O

RFG Advisory LLC increased its stake in Realty Income Corporation (NYSE:O) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,487 shares of the real estate investment trust’s stock after purchasing an additional 3,064 shares during the quarter. RFG Advisory LLC’s holdings in Realty Income were worth $2,966,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in O. 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 position in shares of Realty Income by 2.4% in the first 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 purchasing an additional 3,274,853 shares in the last quarter. Centersquare Investment Management LLC grew its position in shares of Realty Income by 27.0% in the first quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock valued at $288,375,000 after purchasing an additional 1,055,840 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Realty Income by 9.6% in the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock valued at $658,813,000 after purchasing an additional 992,303 shares in the last quarter. Finally, Adelante Capital Management LLC grew its position in Realty Income by 1,380.2% during the first quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust’s stock worth $49,928,000 after buying an additional 802,526 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on O. Evercore ISI began coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price for the company. Scotiabank boosted their target price 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. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Mizuho boosted their target price on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Finally, UBS Group boosted their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Realty Income presently has an average rating of “Hold” and an average target price of $62.25.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Realty Income Stock Performance

Shares of O opened at $58.85 on Wednesday. The business’s fifty day simple moving average is $59.02 and its two-hundred day simple moving average is $57.51. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a market cap of $53.80 billion, a price-to-earnings ratio of 57.13, a P/E/G ratio of 4.49 and a beta of 0.78.

Realty Income (NYSE:O) last issued 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 analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a $0.2695 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. 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.