Realty Income Corporation $O Shares Sold by Summa Corp.

Summa Corp. trimmed its holdings in Realty Income Corporation (NYSE:O) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,500 shares of the real estate investment trust’s stock after selling 750 shares during the quarter. Summa Corp.’s holdings in Realty Income were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 615 shares during the period. Bison Wealth LLC acquired a new position in shares of Realty Income in the fourth quarter worth about $571,000. GAMMA Investing LLC boosted its holdings in shares of Realty Income by 5.2% in the first quarter. GAMMA Investing LLC now owns 12,180 shares of the real estate investment trust’s stock worth $707,000 after buying an additional 601 shares during the period. Integrated Advisors Network LLC boosted its holdings in shares of Realty Income by 7.2% in the first quarter. Integrated Advisors Network LLC now owns 6,737 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 454 shares during the period. Finally, CX Institutional acquired a new position in shares of Realty Income in the first quarter worth about $265,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director owned 19,211 shares of the company’s stock, 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 is available through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on O. Scotiabank raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. UBS Group increased their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. 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. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Finally, 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. Three research 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, Realty Income presently has an average rating of “Hold” and a consensus target price of $62.25.

Realty Income Price Performance

Shares of O opened at $58.26 on Friday. The firm has a market cap of $53.27 billion, a PE ratio of 56.56, a PEG ratio of 4.45 and a beta of 0.78. The firm’s 50 day moving average price is $58.96 and its 200 day moving average price is $57.48. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.

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). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. Realty Income’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 EPS. As a group, research analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This is a boost from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.6%. Realty Income’s payout ratio is 313.59%.

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.