Realty Income Corporation $O Shares Purchased by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC increased its stake in Realty Income Corporation by 8.5%, holding a total of 59,653 shares valued at approximately $3.4 million after purchasing an additional 4,668 shares in the second quarter.
• Realty Income recently declared a monthly dividend of $0.2695 per share, an increase from the previous dividend, with an annualized yield of 5.5%.
• Analysts forecast growth for Realty Income, with UBS raising its target price to $66 and a consensus rating of "Hold" with a target of $62.36.

Exchange Traded Concepts LLC boosted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 8.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,653 shares of the real estate investment trust's stock after buying an additional 4,668 shares during the period. Exchange Traded Concepts LLC's holdings in Realty Income were worth $3,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new position in Realty Income during the first quarter worth $26,000. PSI Advisors LLC boosted its stake in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after buying an additional 252 shares during the last quarter. FSC Wealth Advisors LLC boosted its stake in 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 buying an additional 455 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in Realty Income during the fourth quarter worth $34,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in 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 buying an additional 303 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

O opened at $59.21 on Friday. The stock's 50-day moving average price is $58.17 and its 200 day moving average price is $57.16. Realty Income Corporation has a 12-month low of $50.71 and a 12-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 firm has a market cap of $54.14 billion, a price-to-earnings ratio of 57.49, a PEG ratio of 4.52 and a beta of 0.77.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results 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 firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company posted $1.07 EPS. Realty Income's revenue was up 5.3% on a year-over-year basis. As a group, sell-side 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 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 is a positive change from Realty Income's previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. This represents a c) annualized dividend and a yield of 5.5%. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Scotiabank lifted their target price 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. Barclays lifted their target price 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. Finally, Mizuho lifted their target price on Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. Three 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, Realty Income presently has a consensus rating of "Hold" and a consensus price target of $62.36.

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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