Golden State Equity Partners Acquires 7,622 Shares of Realty Income Corporation $O

Key Points

• Golden State Equity Partners increased its investment in Realty Income Corporation by 50.6%, bringing its holdings to $1.31 million at the end of the second quarter.
• Realty Income announced a monthly dividend of $0.2695, marking a slight increase from the previous month's dividend, with a dividend yield of 5.5%.
• Analysts have set varying price targets for Realty Income, with UBS Group increasing theirs from $62.00 to $66.00, indicating general optimism following a mixed earnings report.

Golden State Equity Partners boosted its stake in Realty Income Corporation (NYSE:O - Free Report) by 50.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,672 shares of the real estate investment trust's stock after buying an additional 7,622 shares during the quarter. Golden State Equity Partners' holdings in Realty Income were worth $1,306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keystone Global Partners LLC bought a new position in shares of Realty Income during the 1st quarter valued at $26,000. PSI Advisors LLC raised its holdings in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Realty Income during the 4th quarter valued at $34,000. FSC Wealth Advisors LLC raised its holdings in shares of Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Realty Income by 87.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of NYSE:O traded down $0.08 on Monday, hitting $59.08. 5,905,077 shares of the company were exchanged, compared to its average volume of 5,386,597. The company's 50 day moving average price is $58.18 and its two-hundred day moving average price is $57.16. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $54.01 billion, a price-to-earnings ratio of 57.36, a PEG ratio of 4.52 and a beta of 0.77.

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 (EPS) 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

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