Reliant Investment Partners LLC Has $275,000 Stock Holdings in Realty Income Corporation $O

Reliant Investment Partners LLC boosted its holdings in shares of Realty Income Corporation (NYSE:O) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,769 shares of the real estate investment trust’s stock after purchasing an additional 261 shares during the period. Reliant Investment Partners LLC’s holdings in Realty Income were worth $275,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Moseley Investment Management Inc. raised its holdings in shares of Realty Income by 1.3% in the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after buying an additional 175 shares in the last quarter. Castle Rock Wealth Management LLC grew its position in Realty Income by 0.6% in the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after acquiring an additional 177 shares during the period. Revisor Wealth Management LLC raised its stake in Realty Income by 2.3% during the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after acquiring an additional 178 shares in the last quarter. Pure Financial Advisors LLC lifted its holdings in shares of Realty Income by 3.5% during the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock valued at $318,000 after acquiring an additional 185 shares during the period. Finally, N.E.W. Advisory Services LLC lifted its holdings in shares of Realty Income by 1.2% during the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock valued at $899,000 after acquiring an additional 186 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on O shares. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Scotiabank boosted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Barclays lifted their target price on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, UBS Group increased their price target on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Three investment 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 currently has an average rating of “Hold” and a consensus price target of $62.58.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s 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 transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Realty Income Price Performance

Shares of O stock opened at $60.38 on Tuesday. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $62.11. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $59.45 and its 200-day moving average is $57.84. The firm has a market capitalization of $55.21 billion, a price-to-earnings ratio of 58.63, a PEG ratio of 4.58 and a beta of 0.78.

Realty Income (NYSE:O) last posted 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). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a dividend of $0.2695 per share. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income’s payout ratio is presently 313.59%.

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.