Cwm LLC Raises Holdings in Realty Income Corporation $O

Key Points

• Cwm LLC increased its stake in Realty Income Corporation by 9.6%, owning a total of 150,855 shares worth approximately $8.69 million as of the latest SEC filing.
• Realty Income recently announced a monthly dividend increase to $0.2695 per share, representing a 5.5% yield, with the next payment scheduled for October 15th.
• The company's earnings per share for the last quarter was reported at $1.05, slightly missing the consensus estimate of $1.06.

Cwm LLC lifted its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 9.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,855 shares of the real estate investment trust's stock after purchasing an additional 13,170 shares during the period. Cwm LLC's holdings in Realty Income were worth $8,691,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of O. Moseley Investment Management Inc. grew its stake in Realty Income by 1.3% in the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust's stock worth $781,000 after acquiring an additional 175 shares during the period. Castle Rock Wealth Management LLC grew its stake in Realty Income by 0.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust's stock worth $1,552,000 after acquiring an additional 177 shares during the period. Revisor Wealth Management LLC grew its stake in Realty Income by 2.3% in the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust's stock worth $454,000 after acquiring an additional 178 shares during the period. Pure Financial Advisors LLC grew its stake in Realty Income by 3.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust's stock worth $318,000 after acquiring an additional 185 shares during the period. Finally, N.E.W. Advisory Services LLC grew its stake in Realty Income by 1.2% in the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after acquiring an additional 186 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Shares of O stock opened at $58.85 on Wednesday. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $53.80 billion, a P/E ratio of 57.13, a P/E/G ratio of 4.49 and a beta of 0.78. The company's fifty day moving average price is $59.02 and its two-hundred day moving average price is $57.51.

Realty Income (NYSE:O - Get Free Report) last released its 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 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%.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 firm posted $1.07 EPS. On average, research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a $0.2695 dividend. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, October 1st. This is an increase from Realty Income's previous monthly dividend of $0.27. Realty Income's payout ratio is presently 313.59%.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the business's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Realty Income in a research note on Wednesday, October 8th. Barclays boosted their price objective on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Cantor Fitzgerald assumed 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 for the company. Scotiabank boosted 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. Finally, Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Realty Income has an average rating of "Hold" and an average target price of $62.25.

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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