IFP Advisors Inc Raises Stake in Realty Income Corporation $O

IFP Advisors Inc raised its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 411.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,299 shares of the real estate investment trust's stock after purchasing an additional 42,065 shares during the quarter. IFP Advisors Inc's holdings in Realty Income were worth $3,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Realty Income during the second quarter valued at approximately $25,000. Keystone Global Partners LLC bought a new stake in shares of Realty Income during the first quarter valued at approximately $26,000. PSI Advisors LLC raised its position in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the last quarter. FSC Wealth Advisors LLC raised its position in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 455 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in shares of Realty Income during the second quarter valued at approximately $36,000. Institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on O. Mizuho lifted 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. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Scotiabank boosted 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. Weiss Ratings restated a "hold (c)" rating on shares of Realty Income in a research report on Wednesday. Finally, Cantor Fitzgerald initiated coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $62.25.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by company insiders.

Realty Income Trading Down 0.7%

O stock opened at $58.26 on Friday. 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 twelve month low of $50.71 and a twelve month high of $64.88. The stock has a market capitalization of $53.27 billion, a price-to-earnings ratio of 56.56, a price-to-earnings-growth ratio of 4.48 and a beta of 0.78. The firm's fifty day simple moving average is $58.96 and its two-hundred day simple moving average is $57.47.

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 for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm 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 firm earned $1.07 EPS. The company's revenue was up 5.3% on a year-over-year basis. As a group, analysts anticipate 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. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. This is a positive change 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 presently 313.59%.

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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