HBW Advisory Services LLC Has $2.72 Million Stock Holdings in Realty Income Corporation $O

Key Points

• HBW Advisory Services LLC increased its holdings in Realty Income Corporation by 12.9%, owning 47,186 shares valued at approximately $2.72 million as of the end of the last quarter.
• Realty Income announced a monthly dividend of $0.2695 per share, an increase from its previous dividend, supporting a yield of 5.4%.
• Analysts have mixed ratings on Realty Income, with a current consensus rating of "Hold" and a price target of $62.36 on average.

HBW Advisory Services LLC raised its holdings in Realty Income Corporation (NYSE:O - Free Report) by 12.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,186 shares of the real estate investment trust's stock after buying an additional 5,401 shares during the period. HBW Advisory Services LLC's holdings in Realty Income were worth $2,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of O. Brighton Jones LLC raised its stake in Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after buying an additional 615 shares during the period. Bison Wealth LLC bought a new stake in Realty Income in the fourth quarter valued at approximately $571,000. Focus Partners Wealth raised its stake in Realty Income by 2.3% in the fourth quarter. Focus Partners Wealth now owns 60,745 shares of the real estate investment trust's stock valued at $3,462,000 after buying an additional 1,393 shares during the period. NorthRock Partners LLC bought a new stake in Realty Income in the fourth quarter valued at approximately $836,000. Finally, Quantinno Capital Management LP raised its stake in Realty Income by 26.4% in the fourth quarter. Quantinno Capital Management LP now owns 78,699 shares of the real estate investment trust's stock valued at $4,203,000 after buying an additional 16,413 shares during the period. Institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

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

Realty Income Price Performance

Shares of NYSE O opened at $60.43 on Friday. The firm has a market cap of $55.25 billion, a P/E ratio of 58.67, a price-to-earnings-growth ratio of 4.60 and a beta of 0.77. The company has a current ratio of 1.85, a quick 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 business's 50 day moving average is $57.92 and its 200-day moving average is $57.08.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for 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 quarter last year, the business posted $1.07 EPS. Equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given 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) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Realty Income Company 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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