Realty Income Corporation $O Position Increased by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Realty Income Corporation by 8.6%, holding 109,381 shares valued at approximately $6.3 million by the end of the second quarter.
• Realty Income recently raised its monthly dividend to $0.2695 per share, representing an annualized dividend yield of 5.5%, up from the previous amount of $0.27.
• Analysts generally maintain a Hold rating on Realty Income, with a target price averaging $62.36, despite mixed assessments from different firms.

U.S. Capital Wealth Advisors LLC raised its position in Realty Income Corporation (NYSE:O - Free Report) by 8.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,381 shares of the real estate investment trust's stock after purchasing an additional 8,672 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Realty Income were worth $6,301,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new position in Realty Income in the first quarter worth approximately $26,000. PSI Advisors LLC increased its stake in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the last quarter. FSC Wealth Advisors LLC raised its holdings in shares of Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in shares of Realty Income by 87.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 303 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in Realty Income in the first quarter worth $46,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group raised their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Mizuho increased their price target on Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Finally, Barclays boosted their price objective 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. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $62.36.

Realty Income Price Performance

NYSE:O opened at $59.08 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The company has a fifty day moving average price of $58.18 and a 200 day moving average price of $57.16. The stock has a market cap of $54.01 billion, a P/E ratio of 57.36, a PEG ratio of 4.52 and a beta of 0.77.

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 (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. 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 $0.2695 dividend. The ex-dividend date is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio is 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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