Realty Income Corporation $O Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its holdings in shares of Realty Income Corporation (NYSE:O) by 13.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 247,482 shares of the real estate investment trust’s stock after acquiring an additional 28,561 shares during the period. Wealthfront Advisers LLC’s holdings in Realty Income were worth $14,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Moseley Investment Management Inc. raised its position in shares of Realty Income by 1.3% during the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after acquiring an additional 175 shares in the last quarter. Castle Rock Wealth Management LLC raised its position in shares of Realty Income by 0.6% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after acquiring an additional 177 shares in the last quarter. Revisor Wealth Management LLC raised its position 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 worth $454,000 after acquiring an additional 178 shares in the last quarter. Pure Financial Advisors LLC raised its position in shares of Realty Income by 3.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 185 shares in the last quarter. Finally, N.E.W. Advisory Services LLC raised its position in shares of Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock worth $899,000 after acquiring an additional 186 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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

Several equities research analysts have recently weighed in on O shares. Scotiabank raised 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. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Saturday. UBS Group raised their price target on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Evercore ISI initiated coverage on Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target on the stock. Finally, Barclays raised their price target on 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 investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.58.

Realty Income Stock Down 0.3%

Realty Income stock opened at $60.03 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $63.29. The company has a market cap of $54.89 billion, a PE ratio of 58.28, a price-to-earnings-growth ratio of 4.58 and a beta of 0.78. The stock’s 50 day moving average price is $59.40 and its 200 day moving average price is $57.80.

Realty Income (NYSE:O) last posted 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 net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

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.