10,808 Shares in Realty Income Corporation $O Purchased by Strategic Blueprint LLC

Key Points

• Strategic Blueprint LLC has acquired 10,808 shares of Realty Income Corporation, valued at approximately $623,000, as reported in a recent SEC filing.
• Realty Income plans to issue a monthly dividend of $0.2695 per share on November 14th, yielding 5.4% annually, with the ex-dividend date on October 31st.
• Equities research analysts have a consensus rating of "Hold" for Realty Income, with a target price of $62.58, following various adjustments from firms such as Mizuho and Barclays.

Strategic Blueprint LLC purchased a new position in shares of Realty Income Corporation (NYSE:O - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,808 shares of the real estate investment trust's stock, valued at approximately $623,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Moseley Investment Management Inc. grew its holdings in shares of Realty Income by 1.3% during the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust's stock worth $781,000 after buying an additional 175 shares during the last quarter. Castle Rock Wealth Management LLC lifted its position in Realty Income by 0.6% in the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust's stock valued at $1,552,000 after purchasing an additional 177 shares during the period. Revisor Wealth Management LLC lifted its position in Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust's stock valued at $454,000 after purchasing an additional 178 shares during the period. Pure Financial Advisors LLC lifted its position in Realty Income by 3.5% in the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust's stock valued at $318,000 after purchasing an additional 185 shares during the period. Finally, N.E.W. Advisory Services LLC lifted its position in Realty Income by 1.2% in the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock valued at $899,000 after purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on O shares. Mizuho raised their price objective on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. Evercore ISI started coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 price objective 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 lifted their price target on shares of Realty Income from $59.00 to $63.00 and gave the company an "equal weight" rating in a research report on Monday, October 20th. Finally, UBS Group lifted their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $62.58.

Realty Income Price Performance

O stock opened at $60.03 on Friday. The firm has a 50 day moving average of $59.40 and a 200-day moving average of $57.77. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $63.29. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a market cap of $54.89 billion, a price-to-earnings ratio of 58.28, a PEG ratio of 4.58 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data 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). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The company's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a dividend of $0.2695 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, October 31st. Realty Income's payout ratio is currently 313.59%.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income 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 directly owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is 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.

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