Capital Investment Advisors LLC Has $10.15 Million Position in Realty Income Corporation $O

Key Points

• Capital Investment Advisors LLC increased its stake in Realty Income Corporation by 7.9%, holding 176,232 shares valued at $10.15 million as of the latest SEC filing.
• Realty Income recently reported $1.05 EPS, slightly missing analyst expectations, with a revenue increase of 5.3% compared to the same quarter last year.
• The company announced a monthly dividend increase to $0.2695 per share, representing an annualized yield of 5.3%, which will be paid on October 15th.

Capital Investment Advisors LLC increased its stake in Realty Income Corporation (NYSE:O - Free Report) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 176,232 shares of the real estate investment trust's stock after purchasing an additional 12,853 shares during the quarter. Capital Investment Advisors LLC's holdings in Realty Income were worth $10,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norinchukin Bank The lifted its holdings in Realty Income by 9.7% in the 1st 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 last quarter. Victory Capital Management Inc. lifted its holdings in Realty Income by 5.3% in the 1st 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 last quarter. Community Bank of Raymore lifted its holdings in Realty Income by 19.7% in the 1st 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 last quarter. Venture Visionary Partners LLC lifted its holdings in Realty Income by 6.2% in the 1st 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 last quarter. Finally, Invesco Ltd. lifted its holdings in Realty Income by 0.4% in the 1st 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 last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of NYSE O opened at $60.48 on Tuesday. The business has a fifty day simple moving average of $58.53 and a 200 day simple moving average of $57.28. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $55.30 billion, a price-to-earnings ratio of 58.72, a PEG ratio of 4.61 and a beta of 0.77. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. Sell-side analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. This is an increase from Realty Income's previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Wednesday, October 1st. Realty Income's dividend payout ratio is currently 313.59%.

Analyst Upgrades and Downgrades

O has been the subject of a number of research analyst reports. Scotiabank upped their price target on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Mizuho upped their price target on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Barclays upped their price target on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Finally, UBS Group upped their price target on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $62.36.

About Realty Income

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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