Bogart Wealth LLC Buys 463 Shares of Realty Income Corporation $O

Bogart Wealth LLC increased its stake in Realty Income Corporation (NYSE:O) by 57.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,269 shares of the real estate investment trust’s stock after purchasing an additional 463 shares during the quarter. Bogart Wealth LLC’s holdings in Realty Income were worth $73,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Realty Income in the 2nd quarter valued at $25,000. Keystone Global Partners LLC bought a new stake in shares of Realty Income in the 1st quarter valued at $26,000. Hilltop National Bank acquired a new stake in Realty Income in the 2nd quarter valued at $36,000. CBIZ Investment Advisory Services LLC grew its position in 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 valued at $38,000 after purchasing an additional 303 shares during the period. Finally, ST Germain D J Co. Inc. grew its position in Realty Income by 309.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 757 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 572 shares during the period. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on O. Mizuho lifted their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Scotiabank lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. UBS Group lifted 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. Evercore ISI began coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target for the company. Finally, Cantor Fitzgerald began coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price target for the company. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus target price of $62.58.

Insiders Place Their Bets

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

Realty Income Price Performance

Shares of NYSE:O opened at $60.03 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $59.27 and its two-hundred day simple moving average is $57.61. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.68. The stock has a market cap of $54.89 billion, a PE ratio of 58.29, a price-to-earnings-growth ratio of 4.63 and a beta of 0.78.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business posted $1.07 earnings per share. Realty Income’s revenue was up 5.3% on a year-over-year basis. As a group, analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.2695 per share. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is 313.59%.

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.