Realty Income Corporation $O Shares Sold by Nwam LLC

Nwam LLC reduced its position in Realty Income Corporation (NYSE:O) by 6.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,639 shares of the real estate investment trust’s stock after selling 1,194 shares during the quarter. Nwam LLC’s holdings in Realty Income were worth $945,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Keynote Financial Services LLC raised its holdings in Realty Income by 13.3% in the second quarter. Keynote Financial Services LLC now owns 8,201 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 960 shares during the period. Vise Technologies Inc. acquired a new stake in shares of Realty Income in the second quarter worth $622,000. Cahill Financial Advisors Inc. raised its stake in shares of Realty Income by 6.6% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 6,321 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 392 shares during the period. Allworth Financial LP raised its stake in shares of Realty Income by 12.4% in the 2nd quarter. Allworth Financial LP now owns 315,266 shares of the real estate investment trust’s stock valued at $18,162,000 after acquiring an additional 34,896 shares during the period. Finally, Altman Advisors Inc. lifted its holdings in shares of Realty Income by 2.6% during the 2nd quarter. Altman Advisors Inc. now owns 31,075 shares of the real estate investment trust’s stock valued at $1,796,000 after acquiring an additional 790 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $57.16 on Wednesday. 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 fifty-two week low of $50.71 and a fifty-two week high of $61.08. The business has a 50 day moving average price of $59.15 and a two-hundred day moving average price of $57.87. The firm has a market cap of $52.58 billion, a PE ratio of 55.50, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last announced its earnings results 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. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company posted $1.05 EPS. Realty Income’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Cantor Fitzgerald decreased their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Royal Bank Of Canada increased their target price on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Wall Street Zen raised Realty Income from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Evercore ISI assumed coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target for the company. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.33.

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.