Mutual Advisors LLC Sells 1,420 Shares of Realty Income Corporation $O

Mutual Advisors LLC decreased its position in Realty Income Corporation (NYSE:O) by 1.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 77,393 shares of the real estate investment trust’s stock after selling 1,420 shares during the quarter. Mutual Advisors LLC’s holdings in Realty Income were worth $4,481,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in O. Brighton Jones LLC boosted its holdings in Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 615 shares during the last quarter. Bison Wealth LLC bought a new position in Realty Income in the fourth quarter valued at about $571,000. GAMMA Investing LLC boosted its holdings in Realty Income by 5.2% in the first quarter. GAMMA Investing LLC now owns 12,180 shares of the real estate investment trust’s stock valued at $707,000 after acquiring an additional 601 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Realty Income by 6.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 268,992 shares of the real estate investment trust’s stock valued at $15,604,000 after acquiring an additional 15,593 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Realty Income by 4.4% in the first quarter. QRG Capital Management Inc. now owns 50,344 shares of the real estate investment trust’s stock valued at $2,920,000 after acquiring an additional 2,124 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on O shares. 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 on the stock. Mizuho raised their target price on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. 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. Scotiabank raised their target price on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Finally, Barclays raised their target price on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.25.

Realty Income Trading Up 1.0%

NYSE:O opened at $59.44 on Thursday. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $54.35 billion, a PE ratio of 57.71, a price-to-earnings-growth ratio of 4.49 and a beta of 0.78. The business’s 50-day simple moving average is $59.07 and its 200-day simple moving average is $57.52.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share 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 the consensus estimate of $1.33 billion. During the same quarter last year, the firm earned $1.07 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.2695 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, October 31st. Realty Income’s payout ratio is 313.59%.

Insider Buying and Selling at Realty Income

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

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.