Windle Wealth LLC Has $7.37 Million Stake in Realty Income Corporation $O

Windle Wealth LLC decreased its position in Realty Income Corporation (NYSE:O) by 1.9% in the second quarter, HoldingsChannel reports. The firm owned 127,968 shares of the real estate investment trust’s stock after selling 2,501 shares during the period. Realty Income accounts for about 3.6% of Windle Wealth LLC’s investment portfolio, making the stock its 18th biggest holding. Windle Wealth LLC’s holdings in Realty Income were worth $7,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System boosted its stake in Realty Income by 6.5% in the 2nd quarter. Maryland State Retirement & Pension System now owns 43,409 shares of the real estate investment trust’s stock worth $2,501,000 after purchasing an additional 2,665 shares during the period. Clear Creek Financial Management LLC lifted its position in Realty Income by 24.2% in the 2nd quarter. Clear Creek Financial Management LLC now owns 8,457 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 1,648 shares in the last quarter. Castle Rock Wealth Management LLC lifted its position in Realty Income by 0.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 177 shares in the last quarter. Abel Hall LLC lifted its position in Realty Income by 72.6% in the 2nd quarter. Abel Hall LLC now owns 11,592 shares of the real estate investment trust’s stock worth $668,000 after buying an additional 4,877 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Realty Income by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 47,600 shares of the real estate investment trust’s stock worth $2,742,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Down 1.0%

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

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

Realty Income Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on O shares. Cantor Fitzgerald started coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 target price for the company. Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Barclays increased their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Scotiabank increased 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 report on Thursday, August 28th. Finally, Mizuho increased their target price 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. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock 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.