Sound Income Strategies LLC Purchases 11,544 Shares of Realty Income Corporation $O

Sound Income Strategies LLC boosted its position in shares of Realty Income Corporation (NYSE:O) by 3.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 326,028 shares of the real estate investment trust’s stock after purchasing an additional 11,544 shares during the period. Realty Income makes up 1.0% of Sound Income Strategies LLC’s holdings, making the stock its 27th largest holding. Sound Income Strategies LLC’s holdings in Realty Income were worth $19,125,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Realty Income in the second quarter worth $25,000. Heartwood Wealth Advisors LLC bought a new position in Realty Income in the 3rd quarter worth about $29,000. 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 valued at $30,000 after acquiring an additional 309 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Realty Income during the 2nd quarter valued at about $31,000. Finally, Country Trust Bank grew its holdings in shares of Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.6%

Shares of NYSE:O opened at $56.41 on Friday. The stock has a market capitalization of $51.89 billion, a P/E ratio of 52.23, a price-to-earnings-growth ratio of 3.53 and a beta of 0.80. The stock’s 50-day moving average price is $57.81 and its 200-day moving average price is $58.04. The company has a current ratio of 1.53, a quick ratio of 1.53 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.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.Realty Income’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.27 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is 299.07%.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. This 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 this hyperlink. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on O shares. Mizuho dropped their target price on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday. Evercore ISI initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 15th. Wells Fargo & Company lifted their price target on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a report on Thursday. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus price target of $62.00.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.