Investment Advisory Group LLC Lowers Stock Holdings in Realty Income Corporation $O

Investment Advisory Group LLC reduced its stake in Realty Income Corporation (NYSE:O) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,230 shares of the real estate investment trust’s stock after selling 282 shares during the quarter. Investment Advisory Group LLC’s holdings in Realty Income were worth $1,453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Moseley Investment Management Inc. grew its stake in shares of Realty Income by 1.3% in the 2nd 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 boosted its stake in shares of Realty Income by 0.6% in 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 buying an additional 177 shares in the last quarter. Revisor Wealth Management LLC boosted its stake in shares of Realty Income by 2.3% in 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 buying an additional 178 shares in the last quarter. Pure Financial Advisors LLC boosted its stake in shares of Realty Income by 3.5% in 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 buying an additional 185 shares in the last quarter. Finally, N.E.W. Advisory Services LLC boosted its stake in shares of Realty Income by 1.2% in 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 buying an additional 186 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the business’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 completion of the transaction, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on O shares. Scotiabank lifted their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Evercore ISI started coverage on Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Wednesday. UBS Group lifted their price target on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Finally, Barclays lifted their price objective 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 research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.25.

Realty Income Stock Performance

Shares of O stock opened at $58.26 on Friday. The stock has a fifty day moving average price of $58.96 and a 200 day moving average price of $57.48. The stock has a market cap of $53.27 billion, a PE ratio of 56.56, a P/E/G ratio of 4.45 and a beta of 0.78. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85.

Realty Income (NYSE:O) last released its quarterly earnings results 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 return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm earned $1.07 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. Sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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