Adams Asset Advisors LLC Acquires 15,662 Shares of Realty Income Corporation $O

Adams Asset Advisors LLC grew its position in Realty Income Corporation (NYSE:O - Free Report) by 58.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,323 shares of the real estate investment trust's stock after purchasing an additional 15,662 shares during the quarter. Adams Asset Advisors LLC's holdings in Realty Income were worth $2,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Norinchukin Bank The boosted its position in shares of Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock worth $4,929,000 after purchasing an additional 7,497 shares during the period. Victory Capital Management Inc. boosted its position in shares of Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after purchasing an additional 19,965 shares during the period. Community Bank of Raymore boosted its position in shares of Realty Income by 19.7% in the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock worth $8,636,000 after purchasing an additional 24,467 shares during the period. Venture Visionary Partners LLC boosted its position in shares of Realty Income by 6.2% in the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock worth $8,266,000 after purchasing an additional 8,297 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Realty Income by 0.4% in the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after purchasing an additional 48,024 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on O shares. UBS Group upped their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Mizuho boosted their target price on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday. Barclays boosted 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. Finally, Scotiabank boosted their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $62.36.

Realty Income Price Performance

Realty Income stock opened at $60.43 on Monday. The company has a market cap of $55.25 billion, a price-to-earnings ratio of 58.67, a PEG ratio of 4.62 and a beta of 0.77. The firm's fifty day moving average is $57.92 and its 200 day moving average is $57.09. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. 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 released 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 business had revenue of $1.34 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 EPS. Sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income's payout ratio is currently 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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