Abel Hall LLC Acquires 4,877 Shares of Realty Income Corporation $O

Abel Hall LLC grew its holdings in Realty Income Corporation (NYSE:O) by 72.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,592 shares of the real estate investment trust’s stock after purchasing an additional 4,877 shares during the quarter. Abel Hall LLC’s holdings in Realty Income were worth $668,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new stake in Realty Income during the 2nd quarter worth about $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income during the first quarter worth approximately $26,000. PSI Advisors LLC grew its stake in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 252 shares during the last quarter. FSC Wealth Advisors LLC grew its stake in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 455 shares during the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Realty Income in the second quarter valued at approximately $36,000. Institutional investors own 70.81% of the company’s stock.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by company insiders.

Realty Income Price Performance

Shares of O opened at $59.65 on Wednesday. The stock has a market cap of $54.54 billion, a P/E ratio of 57.91, a price-to-earnings-growth ratio of 4.58 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 stock’s 50-day moving average price is $58.83 and its two-hundred day moving average price is $57.42. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced 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 firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. 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 declared a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Realty Income’s payout ratio is 313.59%.

Analysts Set New Price Targets

O has been the topic of several research reports. Evercore ISI initiated coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. UBS Group upped 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. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Saturday, September 27th. Barclays upped their target price on shares of Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Finally, 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 research report on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.