6,878 Shares in Realty Income Corporation $O Purchased by Sage Private Wealth Group LLC

Key Points

• Sage Private Wealth Group LLC acquired a new position with 6,878 shares of Realty Income Corporation, valued at approximately $396,000, indicating growing institutional interest in the company.
• Realty Income recently reported $1.05 earnings per share for the quarter, missing estimates slightly, and announced a monthly dividend of $0.2695 per share, reflecting a 5.5% yield.
• The stock has experienced a 0.3% decline, with a current share price of $59.28 and significant hedge fund activities noted, as institutional investors control over 70.81% of its stock.

Sage Private Wealth Group LLC purchased a new position in Realty Income Corporation (NYSE:O - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,878 shares of the real estate investment trust's stock, valued at approximately $396,000.

Several other hedge funds and other institutional investors have also made changes to their positions in O. Moseley Investment Management Inc. increased its holdings in Realty Income by 1.3% during the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust's stock worth $781,000 after purchasing an additional 175 shares during the period. Castle Rock Wealth Management LLC lifted its holdings in shares of 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 during the period. Revisor Wealth Management LLC grew its position in shares of Realty Income by 2.3% during the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust's stock worth $454,000 after buying an additional 178 shares in the last quarter. Pure Financial Advisors LLC increased its stake in shares of Realty Income by 3.5% during 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 buying an additional 185 shares during the period. Finally, N.E.W. Advisory Services LLC raised its holdings in shares of 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 acquiring an additional 186 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company's stock, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Realty Income Trading Down 0.3%

NYSE O opened at $59.28 on Friday. 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 firm has a market cap of $54.20 billion, a PE ratio of 57.55, a price-to-earnings-growth ratio of 4.54 and a beta of 0.78. The company has a 50 day moving average price of $59.11 and a 200 day moving average price of $57.53. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88.

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

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a dividend of $0.2695 per share. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, October 31st. Realty Income's payout ratio is 313.59%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. 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 report on Wednesday, August 20th. 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 research note on Thursday, September 11th. Scotiabank boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $62.25.

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.

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