Armstrong Fleming & Moore Inc Takes $896,000 Position in Realty Income Corporation $O

Armstrong Fleming & Moore Inc purchased a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,546 shares of the real estate investment trust's stock, valued at approximately $896,000.

A number of other large investors have also made changes to their positions in O. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income in the second quarter worth about $25,000. Keystone Global Partners LLC bought a new position in Realty Income in the 1st quarter worth $26,000. PSI Advisors LLC boosted its holdings 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 purchasing an additional 252 shares during the last quarter. FSC Wealth Advisors LLC boosted its holdings in shares of Realty Income by 288.0% during the 1st 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. Finally, Hilltop National Bank bought a new position in shares of Realty Income during the 2nd quarter valued at about $36,000. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on O. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a report on Wednesday. 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. 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 research note on Thursday, August 28th. Cantor Fitzgerald initiated coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set a "neutral" rating and a $64.00 price objective on the stock. Finally, Evercore ISI assumed coverage on Realty Income in a research report on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $62.25.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 19,211 shares of the company's stock, valued at $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company's stock.

Realty Income Trading Down 1.0%

Shares of NYSE O opened at $59.01 on Thursday. 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 business has a fifty day simple moving average of $58.88 and a two-hundred day simple moving average of $57.44. The firm has a market cap of $53.95 billion, a PE ratio of 57.29, a price-to-earnings-growth ratio of 4.56 and a beta of 0.78. Realty Income Corporation has a twelve month low of $50.71 and a twelve month 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 EPS for the quarter, missing the consensus estimate 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 company's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Analysts expect that Realty Income Corporation will post 4.19 earnings per share 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 issued a $0.2695 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. 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. 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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