Realty Income Corporation $O Shares Acquired by Slagle Financial LLC

Slagle Financial LLC grew its stake in shares of Realty Income Corporation (NYSE:O) by 1,203.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,852 shares of the real estate investment trust’s stock after purchasing an additional 46,952 shares during the quarter. Slagle Financial LLC’s holdings in Realty Income were worth $2,930,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Norinchukin Bank The grew its stake in shares of Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock worth $4,929,000 after purchasing an additional 7,497 shares in the last quarter. Trust Co. of Vermont grew its position in Realty Income by 2.7% in the 2nd quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock valued at $15,134,000 after buying an additional 6,885 shares in the last quarter. Victory Capital Management Inc. increased its stake in Realty Income by 5.3% during the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock valued at $23,018,000 after buying an additional 19,965 shares during the period. Community Bank of Raymore raised its position in shares of Realty Income by 19.7% during the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock worth $8,636,000 after buying an additional 24,467 shares in the last quarter. Finally, Venture Visionary Partners LLC raised its position in shares of Realty Income by 6.2% during the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock worth $8,266,000 after buying an additional 8,297 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Up 0.3%

Shares of NYSE O opened at $56.77 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $61.08. The company has a market cap of $52.22 billion, a price-to-earnings ratio of 55.11, a P/E/G ratio of 4.46 and a beta of 0.77. The business has a fifty day simple moving average of $59.05 and a 200-day simple moving average of $57.85.

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, topping the consensus estimate of $1.07 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 $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company earned $1.05 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.2695 per share. The ex-dividend date is Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. Realty Income’s payout ratio is currently 299.07%.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction dated 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 sale, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This 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 this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on O. UBS Group increased their price objective on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Royal Bank Of Canada lifted their price target on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a report on Thursday. Finally, Wall Street Zen raised Realty Income from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.