Realty Income Corporation $O Shares Purchased by Verdence Capital Advisors LLC

Key Points

• Verdence Capital Advisors LLC increased its stake in Realty Income Corporation by 70.7% during the 2nd quarter, acquiring an additional 16,129 shares for a total of 38,929 shares valued at $2.24 million.
• The company announced a monthly dividend of $0.2695 per share, up from the previous $0.27, indicating a dividend yield of 5.5%.
• Despite missing EPS estimates in its last quarterly report, Realty Income's revenue increased by 5.3% year-over-year, totaling $1.34 billion.

Verdence Capital Advisors LLC grew its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 70.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,929 shares of the real estate investment trust's stock after acquiring an additional 16,129 shares during the quarter. Verdence Capital Advisors LLC's holdings in Realty Income were worth $2,243,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Realty Income during the second quarter valued at about $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income during the first quarter valued at about $26,000. PSI Advisors LLC increased its holdings in Realty Income by 78.3% in the 1st 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 period. FSC Wealth Advisors LLC increased its holdings in Realty Income by 288.0% in the 1st 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 period. Finally, Hilltop National Bank acquired a new position in Realty Income in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on O shares. UBS Group increased their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Barclays increased their price target on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Scotiabank increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 price target on the stock. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Realty Income in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, Realty Income currently has an average rating of "Hold" and an average target price of $62.25.

Realty Income Price Performance

Shares of NYSE O opened at $58.74 on Tuesday. The stock has a market capitalization of $53.71 billion, a price-to-earnings ratio of 57.03, a PEG ratio of 4.45 and a beta of 0.78. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The firm's 50 day simple moving average is $58.99 and its 200-day simple moving average is $57.50. 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 (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. Analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given 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) dividend on an annualized basis and a dividend yield of 5.5%. Realty Income's payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.