Realty Income Corporation $O Shares Bought by New Insight Wealth Advisors

Key Points

• New Insight Wealth Advisors increased its holdings in Realty Income Corporation's shares by 60.3%, owning a total of 14,389 shares valued at $829,000 as of their latest SEC filing.
• Analysts have varied opinions on Realty Income, with target price upgrades from several firms, including UBS raising it to $66.00, while three analysts rated it as a "Buy" and nine as "Hold."
• Realty Income announced an increased monthly dividend of $0.2695, yielding 5.4%, with the ex-dividend date set for October 1st.

New Insight Wealth Advisors boosted its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 60.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,389 shares of the real estate investment trust's stock after purchasing an additional 5,415 shares during the period. New Insight Wealth Advisors' holdings in Realty Income were worth $829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new position in Realty Income in the second quarter valued at $25,000. Keystone Global Partners LLC purchased a new position in Realty Income in the first quarter valued at $26,000. PSI Advisors LLC increased its holdings in Realty Income by 78.3% in 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 in the last quarter. FSC Wealth Advisors LLC increased its stake 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 worth $36,000 after purchasing an additional 455 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its stake in shares of Realty Income by 87.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 303 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Scotiabank boosted their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. UBS Group boosted their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Barclays boosted their price target on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. 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 report on Thursday, September 11th. Finally, Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Realty Income presently has an average rating of "Hold" and an average price target of $62.36.

Realty Income Price Performance

Realty Income stock opened at $59.78 on Friday. The company's 50 day simple moving average is $58.37 and its 200-day simple moving average is $57.21. The company has a market capitalization of $54.65 billion, a price-to-earnings ratio of 58.04, a price-to-earnings-growth ratio of 4.58 and a beta of 0.77. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. Realty Income's revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.07 earnings per share. As a group, equities research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a $0.2695 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is currently 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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