GC Wealth Management RIA LLC Acquires 4,495 Shares of Realty Income Corporation $O

Key Points

• GC Wealth Management RIA LLC increased its stake in Realty Income Corporation by 57.2%, acquiring an additional 4,495 shares during the second quarter, bringing its total holdings to 12,359 shares valued at approximately $712,000.
• Realty Income declared a monthly dividend of $0.2695 per share, marking an increase from the previous month, with an annualized yield of 5.3%.
• The company's latest earnings report revealed a net margin of 16.77%, with revenue up 5.3% year-over-year, although it slightly missed EPS estimates.

GC Wealth Management RIA LLC boosted its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 57.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,359 shares of the real estate investment trust's stock after buying an additional 4,495 shares during the quarter. GC Wealth Management RIA LLC's holdings in Realty Income were worth $712,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new stake in Realty Income during the second quarter valued at approximately $25,000. Keystone Global Partners LLC bought a new stake in Realty Income during the first quarter valued at approximately $26,000. PSI Advisors LLC boosted its position in shares of Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the period. FSC Wealth Advisors LLC boosted its position in shares of Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 455 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of Realty Income by 87.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 303 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

O stock opened at $60.78 on Wednesday. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. 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 company has a fifty day simple moving average of $58.59 and a two-hundred day simple moving average of $57.30. The firm has a market capitalization of $55.57 billion, a P/E ratio of 59.01, a price-to-earnings-growth ratio of 4.63 and a beta of 0.77.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data 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). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business earned $1.07 EPS. Realty Income's revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Mizuho upped their price target on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Barclays upped their price target 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 upped their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. UBS Group upped their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Finally, Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Realty Income currently has an average rating of "Hold" and a consensus target price of $62.10.

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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