MSH Capital Advisors LLC Purchases 7,911 Shares of Realty Income Corporation $O

MSH Capital Advisors LLC raised its stake in Realty Income Corporation (NYSE:O - Free Report) by 17.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,741 shares of the real estate investment trust's stock after purchasing an additional 7,911 shares during the quarter. Realty Income accounts for about 0.9% of MSH Capital Advisors LLC's portfolio, making the stock its 29th biggest position. MSH Capital Advisors LLC's holdings in Realty Income were worth $3,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of O. Brighton Jones LLC raised its stake in shares of 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 worth $326,000 after purchasing an additional 615 shares during the last quarter. Bison Wealth LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $571,000. Wedmont Private Capital raised its stake in shares of Realty Income by 11.6% in the first quarter. Wedmont Private Capital now owns 4,841 shares of the real estate investment trust's stock worth $267,000 after purchasing an additional 503 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Realty Income by 230.4% in the first quarter. Farther Finance Advisors LLC now owns 18,145 shares of the real estate investment trust's stock worth $1,037,000 after purchasing an additional 12,654 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Realty Income by 10.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 22,269 shares of the real estate investment trust's stock worth $1,292,000 after purchasing an additional 2,066 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director directly owned 19,211 shares of the company's stock, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company's stock.

Realty Income Stock Performance

Shares of O opened at $59.01 on Thursday. The stock has a 50 day moving average of $58.88 and a 200 day moving average of $57.44. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a market capitalization of $53.95 billion, a price-to-earnings ratio of 57.29, a PEG ratio of 4.56 and a beta of 0.78. 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 (NYSE:O - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate 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 period last year, the company posted $1.07 earnings per share. Realty Income's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, 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. 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 positive change from Realty Income's previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. Realty Income's dividend payout ratio is currently 313.59%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on O shares. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Barclays increased their price target on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Evercore ISI began coverage on Realty Income in a research report on Wednesday, October 1st. They set an "in-line" rating and a $62.00 price target for the company. Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Finally, UBS Group increased their price target on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Three investment 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 company currently has a consensus rating of "Hold" and an average price target 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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