Perennial Investment Advisors LLC Sells 3,214 Shares of Realty Income Corporation $O

Perennial Investment Advisors LLC trimmed its stake in shares of Realty Income Corporation (NYSE:O) by 18.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,325 shares of the real estate investment trust’s stock after selling 3,214 shares during the period. Perennial Investment Advisors LLC’s holdings in Realty Income were worth $825,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of O. Inspire Advisors LLC grew its position in shares of Realty Income by 78.7% during the second quarter. Inspire Advisors LLC now owns 16,840 shares of the real estate investment trust’s stock valued at $970,000 after purchasing an additional 7,417 shares in the last quarter. Vanguard Group Inc. boosted its stake in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after buying an additional 3,624,852 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in Realty Income by 6.6% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,954 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 245 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in Realty Income by 18.3% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 42,906 shares of the real estate investment trust’s stock worth $2,472,000 after acquiring an additional 6,632 shares during the last quarter. Finally, Intrust Bank NA raised its holdings in shares of Realty Income by 8.0% during the 2nd quarter. Intrust Bank NA now owns 9,952 shares of the real estate investment trust’s stock worth $573,000 after acquiring an additional 736 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

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 $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Realty Income Trading Up 0.6%

O opened at $57.35 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s 50 day moving average price is $58.96 and its 200-day moving average price is $57.86. Realty Income Corporation has a one year low of $50.71 and a one year high of $61.08. The stock has a market cap of $52.76 billion, a price-to-earnings ratio of 55.68, a P/E/G ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $0.2695 dividend. The ex-dividend date is Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. Realty Income’s payout ratio is presently 299.07%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on O. Cantor Fitzgerald reduced their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Evercore ISI began coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Mizuho upped their target price 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. Royal Bank Of Canada increased their price target on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.33.

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.