Pasadena Private Wealth LLC Buys 6,494 Shares of Realty Income Corporation $O

Pasadena Private Wealth LLC boosted its stake in shares of Realty Income Corporation (NYSE:O) by 53.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,758 shares of the real estate investment trust’s stock after purchasing an additional 6,494 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Realty Income were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in O. Compagnie Lombard Odier SCmA bought a new stake in Realty Income during the second quarter valued at about $25,000. Keystone Global Partners LLC bought a new stake in Realty Income during the first quarter valued at about $26,000. Avion Wealth boosted its position in Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 309 shares in the last quarter. Hilltop National Bank bought a new stake in Realty Income during the second quarter valued at about $36,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in Realty Income by 87.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 303 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.3%

Shares of NYSE:O opened at $60.03 on Monday. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $63.29. The stock has a market cap of $54.89 billion, a price-to-earnings ratio of 58.28, a PEG ratio of 4.58 and a beta of 0.78. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $59.40 and a 200-day moving average price of $57.80.

Realty Income (NYSE:O) last announced its quarterly earnings data 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 firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the business earned $1.07 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

Wall Street Analyst Weigh In

O has been the subject of a number of research analyst reports. Mizuho increased their price target on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Evercore ISI initiated coverage on Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target for the company. UBS Group increased 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. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Barclays increased their price target on Realty Income from $59.00 to $63.00 and gave the company 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.58.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.