Atria Wealth Solutions Inc. Has $1.88 Million Holdings in Realty Income Corporation $O

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Realty Income Corporation by 75.5%, now holding 32,550 shares valued at approximately $1.88 million.
• Realty Income announced a monthly dividend of $0.2695 per share, payable on November 14th, with a yield of 5.4%.
• Analysts have a consensus rating of "Hold" on Realty Income, with an average price target of $62.25.

Atria Wealth Solutions Inc. lessened its position in Realty Income Corporation (NYSE:O - Free Report) by 75.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 32,550 shares of the real estate investment trust's stock after selling 100,095 shares during the period. Atria Wealth Solutions Inc.'s holdings in Realty Income were worth $1,875,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its stake in Realty Income by 3.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 57,330 shares of the real estate investment trust's stock valued at $3,303,000 after acquiring an additional 2,160 shares during the period. Concord Wealth Partners grew its stake in Realty Income by 362.1% in the second quarter. Concord Wealth Partners now owns 878 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 688 shares during the period. Sequoia Financial Advisors LLC grew its stake in Realty Income by 86.3% in the second quarter. Sequoia Financial Advisors LLC now owns 42,769 shares of the real estate investment trust's stock valued at $2,464,000 after acquiring an additional 19,811 shares during the period. Griffin Asset Management Inc. grew its stake in Realty Income by 34.1% in the second quarter. Griffin Asset Management Inc. now owns 9,112 shares of the real estate investment trust's stock valued at $525,000 after acquiring an additional 2,316 shares during the period. Finally, MGO One Seven LLC grew its stake in Realty Income by 1.9% in the second quarter. MGO One Seven LLC now owns 46,888 shares of the real estate investment trust's stock valued at $2,701,000 after acquiring an additional 879 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Up 1.0%

O stock opened at $59.44 on Thursday. The stock's fifty day simple moving average is $59.07 and its two-hundred day simple moving average is $57.52. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The stock has a market cap of $54.35 billion, a P/E ratio of 57.71, a P/E/G ratio of 4.49 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the prior year, the firm posted $1.07 EPS. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. Analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a $0.2695 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.4%. Realty Income's payout ratio is currently 313.59%.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director owned 19,211 shares of the company's stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on O. UBS Group raised their price objective on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Mizuho raised their price objective on Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. Barclays lifted their target price on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Cantor Fitzgerald initiated coverage on Realty Income in a research report on Wednesday, October 1st. They set a "neutral" rating and a $64.00 target price on the stock. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $62.25.

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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