Realty Income Corporation $O Shares Acquired by Wealthcare Advisory Partners LLC

Key Points

• Wealthcare Advisory Partners LLC increased its holdings in Realty Income Corporation (NYSE:O) by 45.4% in Q2, owning 32,375 shares worth approximately $1.87 million.
• Realty Income recently declared a monthly dividend of $0.2695, representing a yield of 5.4%, an increase from the previous monthly dividend of $0.27.
• The stock has a consensus rating of "Hold" among analysts, with a current target price of $62.25.

Wealthcare Advisory Partners LLC increased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 45.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,375 shares of the real estate investment trust's stock after purchasing an additional 10,106 shares during the period. Wealthcare Advisory Partners LLC's holdings in Realty Income were worth $1,865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Realty Income by 2.4% during the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after buying an additional 3,274,853 shares during the period. Dimensional Fund Advisors LP raised its stake in Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock valued at $702,381,000 after acquiring an additional 451,307 shares during the last quarter. Invesco Ltd. lifted its position in Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after acquiring an additional 48,024 shares during the period. Raymond James Financial Inc. grew its stake in shares of Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock valued at $658,813,000 after purchasing an additional 992,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock valued at $586,644,000 after purchasing an additional 123,501 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income 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. The trade was a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on O. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a report on Saturday, September 27th. Scotiabank upped their price objective 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. Cantor Fitzgerald assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 target price for the company. Mizuho boosted their price target on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Finally, Evercore ISI assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 price objective for the company. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.25.

Realty Income Stock Performance

NYSE:O opened at $59.90 on Tuesday. The firm's fifty day simple moving average is $58.79 and its 200-day simple moving average is $57.41. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market cap of $54.77 billion, a PE ratio of 58.16, a price-to-earnings-growth ratio of 4.62 and a beta of 0.78. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

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 EPS 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 company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned $1.07 EPS. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. Analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued 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 5.4%. This is an increase from Realty Income's previous monthly dividend of $0.27. Realty Income's payout ratio is currently 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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