Realty Income Corporation $O Stake Raised by Harbour Investments Inc.

Key Points

• Harbour Investments Inc. raised its stake in Realty Income Corporation by 110.1%, now holding 23,340 shares valued at approximately $1.35 million.
• Realty Income recently announced a monthly dividend of $0.2695, reflecting an annualized yield of 5.4%.
• Analysts have given Realty Income an average price target of $62.25, with ratings varying from "Buy" to "Hold" among different research firms.

Harbour Investments Inc. increased its holdings in Realty Income Corporation (NYSE:O - Free Report) by 110.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,340 shares of the real estate investment trust's stock after acquiring an additional 12,230 shares during the period. Harbour Investments Inc.'s holdings in Realty Income were worth $1,345,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new stake in Realty Income in the 2nd quarter worth about $25,000. Keystone Global Partners LLC acquired a new position in Realty Income in the 1st quarter worth about $26,000. FSC Wealth Advisors LLC raised its stake 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 worth $36,000 after purchasing an additional 455 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Realty Income during the 2nd quarter worth about $36,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Realty Income by 87.6% during the 1st 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 owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on O. Cantor Fitzgerald began coverage on Realty Income in a research note on Wednesday, October 1st. They set a "neutral" rating and a $64.00 price target for the company. UBS Group raised their price target on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Evercore ISI began coverage on Realty Income in a research note on Wednesday, October 1st. They set an "in-line" rating and a $62.00 price target for the company. Scotiabank raised their price target on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $62.25.

Realty Income Stock Performance

Shares of NYSE O opened at $59.97 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $54.83 billion, a price-to-earnings ratio of 58.22, a P/E/G ratio of 4.53 and a beta of 0.78. The business's 50-day simple moving average is $59.16 and its 200-day simple moving average is $57.55. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88.

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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 EPS. As a group, equities research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a $0.2695 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income's dividend payout ratio (DPR) is 313.59%.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director owned 19,211 shares of the company's stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

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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