William Allan Corp Raises Stock Holdings in Realty Income Corporation $O

William Allan Corp boosted its holdings in shares of Realty Income Corporation (NYSE:O) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,630 shares of the real estate investment trust’s stock after purchasing an additional 485 shares during the quarter. William Allan Corp’s holdings in Realty Income were worth $670,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Realty Income by 2.4% during 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 acquiring an additional 3,274,853 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Realty Income by 3.9% during the first 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 last quarter. Invesco Ltd. raised its holdings in shares of Realty Income by 0.4% during the first 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. raised its holdings in shares of Realty Income by 9.6% during the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock valued at $658,813,000 after acquiring an additional 992,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Realty Income by 1.2% during the first 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 acquiring an additional 123,501 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

O stock opened at $60.38 on Tuesday. The business has a fifty day moving average of $59.45 and a two-hundred day moving average of $57.84. 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 $55.21 billion, a price-to-earnings ratio of 58.63, a price-to-earnings-growth ratio of 4.58 and a beta of 0.78. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $62.11.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $1.07 EPS. As a group, research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

O has been the subject of a number of research analyst reports. Barclays increased their target price on Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Evercore ISI initiated coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price for the company. Cantor Fitzgerald initiated coverage on Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 target price for the company. UBS Group increased their target price on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Finally, Mizuho increased their price target on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.58.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction 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 sale, the director owned 19,211 shares of the company’s stock, 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 through the SEC website. 0.10% of the stock is currently owned by company insiders.

Realty Income Company 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.