Realty Income Corporation $O Stock Position Raised by Goldstone Financial Group LLC

Key Points

• Goldstone Financial Group LLC significantly increased its holdings in Realty Income Corporation by 272.0%, bringing their total stake to 13,893 shares worth approximately $801,000.
• Realty Income is set to increase its monthly dividend to $0.2695, resulting in an annualized yield of 5.4%, with the dividend payout ratio standing at 313.59%.
• Despite missing earnings estimates with an EPS of $1.05, Realty Income reported a 5.3% increase in revenue year-over-year, totaling $1.34 billion for the quarter.

Goldstone Financial Group LLC boosted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 272.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,893 shares of the real estate investment trust's stock after purchasing an additional 10,158 shares during the period. Goldstone Financial Group LLC's holdings in Realty Income were worth $801,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nuveen LLC purchased a new stake in Realty Income during the first quarter worth $207,573,000. Vanguard Group Inc. raised its position in shares of Realty Income by 2.4% in the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock valued at $8,267,084,000 after buying an additional 3,274,853 shares during the last quarter. Centersquare Investment Management LLC increased its position in Realty Income by 27.0% during the first 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. increased its position in Realty Income by 9.6% during the first 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 increased its position in shares of Realty Income by 1,380.2% during the first quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust's stock valued at $49,928,000 after acquiring an additional 802,526 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Realty Income Trading Down 0.4%

Shares of O traded down $0.23 during mid-day trading on Tuesday, hitting $59.99. The company had a trading volume of 6,201,574 shares, compared to its average volume of 5,065,508. The business's 50-day simple moving average is $57.98 and its 200-day simple moving average is $57.11. 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 Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The stock has a market cap of $54.85 billion, a PE ratio of 14.30, a P/E/G ratio of 4.60 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income's quarterly revenue 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. Sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $0.2695 dividend. This is a boost from Realty Income's previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income's dividend payout ratio is 313.59%.

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.