Kingswood Wealth Advisors LLC Reduces Holdings in Realty Income Corporation $O

Key Points

• Kingswood Wealth Advisors LLC significantly reduced its holdings in Realty Income Corporation by 70.2%, selling 27,049 shares and holding 11,485 shares valued at approximately $662,000.
• Realty Income recently increased its monthly dividend to $0.2695 per share, yielding 5.5%, with an ex-dividend date of October 1st.
• The company missed analysts' earnings estimates slightly by reporting $1.05 earnings per share, while revenue rose 5.3% year-over-year to $1.34 billion.

Kingswood Wealth Advisors LLC reduced its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 70.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,485 shares of the real estate investment trust's stock after selling 27,049 shares during the period. Kingswood Wealth Advisors LLC's holdings in Realty Income were worth $662,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new position in Realty Income during the 2nd quarter worth $25,000. Keystone Global Partners LLC acquired a new stake in shares of Realty Income in the 1st quarter worth $26,000. PSI Advisors LLC lifted its stake in shares of Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares during the period. FSC Wealth Advisors LLC lifted its stake in shares of Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 455 shares during the period. Finally, Hilltop National Bank acquired a new stake in shares of Realty Income in the 2nd quarter worth $36,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of O stock opened at $58.67 on Friday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $53.64 billion, a PE ratio of 56.96, a price-to-earnings-growth ratio of 4.51 and a beta of 0.78. The firm has a fifty day simple moving average of $58.93 and a 200-day simple moving average of $57.45.

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 for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $1.07 EPS. The firm's revenue was up 5.3% on a year-over-year basis. Equities research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays raised their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Cantor Fitzgerald initiated coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 price objective for the company. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Evercore ISI began coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 price objective for the company. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Realty Income in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $62.25.

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.

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