Brookstone Capital Management Boosts Holdings in Realty Income Corporation $O

Key Points

• Brookstone Capital Management increased its stake in Realty Income Corporation by 2.7% in the second quarter, now owning 222,869 shares worth approximately $12.8 million.
• Analysts have recently set price targets for Realty Income, with Mizuho raising theirs from $60.00 to $63.00 and others offering targets between $62.00 and $64.00.
• Realty Income announced a monthly dividend of $0.2695 per share payable on November 14th, with a current annualized yield of 5.4%.

Brookstone Capital Management lifted its stake in Realty Income Corporation (NYSE:O - Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,869 shares of the real estate investment trust's stock after purchasing an additional 5,754 shares during the quarter. Brookstone Capital Management's holdings in Realty Income were worth $12,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of O. Nuveen LLC purchased a new position in shares of Realty Income in the 1st quarter worth about $207,573,000. Vanguard Group Inc. raised its position in shares of Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after purchasing an additional 3,274,853 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock worth $288,375,000 after purchasing an additional 1,055,840 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock worth $658,813,000 after purchasing an additional 992,303 shares during the last quarter. Finally, Adelante Capital Management LLC raised its position in shares of Realty Income by 1,380.2% in the 1st quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust's stock worth $49,928,000 after purchasing an additional 802,526 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

O has been the subject of several recent analyst reports. Mizuho lifted their price target on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Evercore ISI initiated coverage on Realty Income in a report on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 price objective for the company. Cantor Fitzgerald initiated coverage on Realty Income in a report on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 price objective for the company. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Realty Income in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $62.58.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business'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 completion of the sale, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Trading Up 0.3%

Realty Income stock opened at $60.24 on Thursday. The business has a 50-day simple moving average of $59.32 and a two-hundred day simple moving average of $57.63. The company has a market cap of $55.07 billion, a P/E ratio of 58.48, a P/E/G ratio of 4.58 and a beta of 0.78. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.68. 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 (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 firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 earnings per share. Analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, October 31st. 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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