Realty Income Corporation $O Stock Holdings Cut by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its position in Realty Income Corporation (NYSE:O) by 4.5% during the second quarter, Holdings Channel reports. The institutional investor owned 28,845 shares of the real estate investment trust’s stock after selling 1,370 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Realty Income were worth $1,662,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new stake in Realty Income in the second quarter worth about $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income in the 1st quarter worth approximately $26,000. Avion Wealth raised its holdings in shares of Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares in the last quarter. Hilltop National Bank acquired a new stake in Realty Income during the second quarter valued at approximately $36,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in Realty Income by 87.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 303 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred on 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 directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

O has been the topic of several recent research reports. Cantor Fitzgerald initiated 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 on the stock. Evercore ISI assumed coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price on the stock. UBS Group boosted their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Finally, Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus target price of $62.58.

Realty Income Price Performance

Shares of NYSE:O opened at $57.93 on Friday. The company’s fifty day moving average is $59.39 and its two-hundred day moving average is $57.90. The company has a market cap of $52.97 billion, a P/E ratio of 56.24, a price-to-earnings-growth ratio of 4.46 and a beta of 0.78. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08. 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 (NYSE:O) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. Equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a $0.2695 dividend. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. Realty Income’s dividend payout ratio is currently 313.59%.

Realty Income 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.