Stonebridge Financial Group LLC Raises Stock Holdings in Realty Income Corporation $O

Stonebridge Financial Group LLC grew its position in Realty Income Corporation (NYSE:O) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,485 shares of the real estate investment trust’s stock after acquiring an additional 1,382 shares during the quarter. Stonebridge Financial Group LLC’s holdings in Realty Income were worth $2,793,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of O. Vanguard Group Inc. raised its holdings in shares of Realty Income by 2.4% in the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after buying an additional 3,274,853 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Realty Income by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust’s stock valued at $702,381,000 after acquiring an additional 451,307 shares during the period. Invesco Ltd. raised its stake in Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock valued at $662,589,000 after acquiring an additional 48,024 shares during the last quarter. Raymond James Financial Inc. lifted its position in Realty Income by 9.6% during the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock worth $658,813,000 after acquiring an additional 992,303 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust’s stock valued at $586,644,000 after purchasing an additional 123,501 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

NYSE:O opened at $58.67 on Friday. The firm’s fifty day simple moving average is $58.93 and its 200-day simple moving average is $57.45. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market cap of $53.64 billion, a PE ratio of 56.96, a price-to-earnings-growth ratio of 4.51 and a beta of 0.78. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned $1.07 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 5.5%. Realty Income’s dividend payout ratio is presently 313.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Evercore ISI began coverage on Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target for the company. Mizuho upped their price objective on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. 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 research note on Thursday, August 28th. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.25.

Insider Buying and Selling at Realty Income

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 stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.