Frazier Financial Advisors LLC Buys Shares of 888 Realty Income Corporation $O

Frazier Financial Advisors LLC purchased a new position in shares of Realty Income Corporation (NYSE:O) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 888 shares of the real estate investment trust’s stock, valued at approximately $51,000.

Several other large investors have also bought and sold shares of the business. Moseley Investment Management Inc. boosted 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 in the last quarter. Castle Rock Wealth Management LLC lifted its stake in shares of Realty Income by 0.6% in the 2nd 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 acquiring an additional 177 shares during the last quarter. Revisor Wealth Management LLC boosted its holdings in shares of Realty Income by 2.3% during the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock valued at $454,000 after acquiring an additional 178 shares in the last quarter. Pure Financial Advisors LLC increased its holdings in Realty Income by 3.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 185 shares in the last quarter. Finally, N.E.W. Advisory Services LLC raised its position in 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 purchasing an additional 186 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Realty Income stock opened at $58.74 on Tuesday. The stock’s 50 day moving average price is $58.99 and its two-hundred day moving average price is $57.50. The stock has a market capitalization of $53.71 billion, a price-to-earnings ratio of 57.03, a PEG ratio of 4.45 and a beta of 0.78. 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 Corporation has a 52-week low of $50.71 and a 52-week high of $64.88.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the company earned $1.07 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $0.2695 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend 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 is presently 313.59%.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred 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 owned 19,211 shares in the company, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on O. Cantor Fitzgerald started coverage on Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target on the stock. UBS Group upped their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Mizuho lifted their price target 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. Scotiabank boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.25.

About Realty Income

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.