18,057 Shares in Realty Income Corporation $O Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 18,057 shares of Realty Income Corporation, valued at approximately $1,040,000, marking a new investment in the company.
• Realty Income recently increased its monthly dividend to $0.2695, which represents an annualized yield of 5.6%.
• Analysts have a consensus rating of "Hold" for Realty Income, with a target price around $62.25, as several firms have recently adjusted their ratings and price objectives.

Callan Family Office LLC bought a new position in Realty Income Corporation (NYSE:O - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,057 shares of the real estate investment trust's stock, valued at approximately $1,040,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Nuveen LLC purchased a new stake in Realty Income in the 1st quarter worth approximately $207,573,000. Vanguard Group Inc. grew its holdings in Realty Income by 2.4% during the 1st 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 in the last quarter. Centersquare Investment Management LLC grew its holdings in Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock valued at $288,375,000 after buying an additional 1,055,840 shares in the last quarter. Raymond James Financial Inc. grew its holdings 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 valued at $658,813,000 after buying an additional 992,303 shares in the last quarter. Finally, Adelante Capital Management LLC grew its holdings in Realty Income by 1,380.2% during the 1st quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust's stock valued at $49,928,000 after buying an additional 802,526 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on O shares. Scotiabank increased their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a report on Wednesday, October 8th. Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an "in-line" rating and a $62.00 price objective for the company. Cantor Fitzgerald started coverage on shares of Realty Income in a report on Wednesday, October 1st. They set a "neutral" rating and a $64.00 price objective for the company. Finally, Mizuho increased their price objective on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Realty Income has an average rating of "Hold" and a consensus price target of $62.25.

Insider Transactions at Realty Income

In related 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 value of $664,730.00. Following the completion of the sale, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Stock Down 0.7%

NYSE O opened at $58.26 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $53.27 billion, a P/E ratio of 56.56, a P/E/G ratio of 4.45 and a beta of 0.78. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The stock has a 50 day moving average price of $58.96 and a 200-day moving average price of $57.48.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company 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 firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $0.2695 dividend. This is a boost from Realty Income's previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Wednesday, October 1st. Realty Income's dividend payout ratio is 313.59%.

Realty Income 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.

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