Valeo Financial Advisors LLC Purchases 1,489 Shares of Realty Income Corporation $O

Valeo Financial Advisors LLC boosted its position in Realty Income Corporation (NYSE:O) by 21.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,357 shares of the real estate investment trust’s stock after buying an additional 1,489 shares during the period. Valeo Financial Advisors LLC’s holdings in Realty Income were worth $481,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new stake in Realty Income in the 2nd quarter valued at about $25,000. Keystone Global Partners LLC bought a new stake in Realty Income in the 1st quarter valued at about $26,000. PSI Advisors LLC increased its position in Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 252 shares in the last quarter. FSC Wealth Advisors LLC increased its position in Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 455 shares in the last quarter. Finally, Hilltop National Bank bought a new stake in Realty Income in the 2nd quarter valued at about $36,000. 70.81% of the stock is owned by institutional investors.

Insider Buying and Selling

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 value of $664,730.00. Following the transaction, the director owned 19,211 shares in the company, valued at approximately $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 is accessible through this link. Insiders own 0.10% of the company’s stock.

Realty Income Trading Down 1.0%

Shares of Realty Income stock opened at $59.01 on Thursday. The firm has a market cap of $53.95 billion, a PE ratio of 57.29, a P/E/G ratio of 4.56 and a beta of 0.78. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a fifty day moving average price of $58.88 and a 200-day moving average price of $57.44.

Realty Income (NYSE:O) last posted its quarterly earnings results 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 net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $1.07 EPS. Realty Income’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on O. UBS Group lifted their price target on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Cantor Fitzgerald began coverage on Realty Income in a research note on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target for the company. Mizuho lifted their price target on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Barclays lifted their price target on Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. Finally, Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus target price of $62.25.

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.