Realty Income Corporation $O Shares Purchased by ETF Store Inc.

ETF Store Inc. raised its holdings in Realty Income Corporation (NYSE:O) by 15.5% in the second quarter, Holdings Channel.com reports. The fund owned 6,868 shares of the real estate investment trust’s stock after acquiring an additional 923 shares during the period. ETF Store Inc.’s holdings in Realty Income were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Compagnie Lombard Odier SCmA acquired a new stake in Realty Income during the second quarter valued at approximately $25,000. Keystone Global Partners LLC bought a new position in shares of Realty Income in the first quarter valued at $26,000. Avion Wealth lifted its position in shares of Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 309 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of Realty Income during the 2nd quarter valued at $36,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of Realty Income by 87.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 303 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction 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 completion of the sale, the director owned 19,211 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of O opened at $56.34 on Friday. The business’s 50-day moving average is $59.25 and its 200-day moving average is $57.89. 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 company has a market capitalization of $51.51 billion, a price-to-earnings ratio of 54.70, a P/E/G ratio of 4.46 and a beta of 0.77. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Equities research analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors 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 5.7%. The ex-dividend date is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is currently 299.07%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Cantor Fitzgerald dropped their price target on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday. Scotiabank raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Finally, Barclays raised their price objective on shares of Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Three 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 $62.33.

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.