Advisors Management Group Inc. ADV Increases Stake in Realty Income Corporation $O

Key Points

• Advisors Management Group Inc. increased its stake in Realty Income Corporation by 29.5% in the second quarter, now holding 151,681 shares valued at approximately $8.74 million.
• Realty Income declared a monthly dividend of $0.2695 per share, which represents a yield of 5.4% and an increase from the previous dividend of $0.27.
• Analysts' ratings for Realty Income reveal a consensus rating of "Hold", with a price target ranging around $62.36.

Advisors Management Group Inc. ADV increased its position in Realty Income Corporation (NYSE:O - Free Report) by 29.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 151,681 shares of the real estate investment trust's stock after acquiring an additional 34,519 shares during the quarter. Realty Income comprises 1.6% of Advisors Management Group Inc. ADV's investment portfolio, making the stock its 16th largest holding. Advisors Management Group Inc. ADV's holdings in Realty Income were worth $8,738,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA bought a new stake in shares of Realty Income during the 2nd quarter valued at about $25,000. Keystone Global Partners LLC bought a new stake in shares of Realty Income during the 1st quarter valued at about $26,000. PSI Advisors LLC boosted its position in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 252 shares during the last quarter. FSC Wealth Advisors LLC lifted its position in Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after buying an additional 455 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its position in Realty Income by 87.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock worth $38,000 after buying an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on O shares. Wolfe Research downgraded 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 Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Barclays boosted their target price on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Scotiabank boosted their price objective on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Finally, UBS Group boosted their price objective on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $62.36.

Realty Income Price Performance

O opened at $60.28 on Friday. The stock has a market capitalization of $55.11 billion, a PE ratio of 58.52, a price-to-earnings-growth ratio of 4.57 and a beta of 0.77. The stock's 50 day moving average price is $58.44 and its 200-day moving average price is $57.23. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85.

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). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. On average, equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company 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 $0.2695 dividend. 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) annualized dividend 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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