4,192 Shares in Realty Income Corporation $O Acquired by Quotient Wealth Partners LLC

Key Points

• Quotient Wealth Partners LLC acquired 4,192 shares of Realty Income Corporation, valued at approximately $242,000, during the 2nd quarter.
• Realty Income reported $1.05 earnings per share for the latest quarter, missing the consensus estimate of $1.06, but its revenue was up 5.3% compared to the same quarter last year.
• The company declared a monthly dividend of $0.2695 per share, with a dividend yield of 5.4%, payable on November 14th to investors of record by October 31st.

Quotient Wealth Partners LLC purchased a new stake in Realty Income Corporation (NYSE:O - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,192 shares of the real estate investment trust's stock, valued at approximately $242,000.

Other hedge funds also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new position in Realty Income in the second quarter valued at approximately $25,000. Keystone Global Partners LLC purchased a new position in Realty Income in the first quarter valued at approximately $26,000. FSC Wealth Advisors LLC increased its stake in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares during the last quarter. Hilltop National Bank purchased a new position in Realty Income in the second quarter valued at approximately $36,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in Realty Income by 87.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 303 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Shares of O opened at $59.97 on Monday. 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's 50 day simple moving average is $59.16 and its 200-day simple moving average is $57.56. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The firm has a market cap of $54.83 billion, a PE ratio of 58.22, a price-to-earnings-growth ratio of 4.58 and a beta of 0.78.

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 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 period in the prior year, the business earned $1.07 earnings per share. Realty Income's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued 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 dividend yield of 5.4%. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

O has been the topic of several recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 price target on the stock. Scotiabank raised 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. Barclays raised 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. Evercore ISI assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set an "in-line" rating and a $62.00 target price on the stock. Finally, Mizuho raised 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 assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.

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