Sequoia Financial Advisors LLC Boosts Position in Realty Income Corporation $O

Key Points

• Sequoia Financial Advisors LLC increased its stake in Realty Income Corporation by 86.3% in the second quarter, now holding 42,769 shares worth approximately $2.46 million.
• Realty Income recently announced a monthly dividend of $0.2695 per share, resulting in an annualized yield of 5.4%, with a payout ratio of 313.59%.
• The company's latest earnings report showed a quarterly revenue increase of 5.3%, with earnings per share at $1.05, slightly below analyst expectations.

Sequoia Financial Advisors LLC raised its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 86.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,769 shares of the real estate investment trust's stock after buying an additional 19,811 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Realty Income were worth $2,464,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in O. Brighton Jones LLC grew its holdings in Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after buying an additional 615 shares in the last quarter. Bison Wealth LLC purchased a new position in Realty Income during the 4th quarter valued at about $571,000. GAMMA Investing LLC grew its holdings in Realty Income by 5.2% during the 1st quarter. GAMMA Investing LLC now owns 12,180 shares of the real estate investment trust's stock valued at $707,000 after buying an additional 601 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Realty Income by 6.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 268,992 shares of the real estate investment trust's stock valued at $15,604,000 after buying an additional 15,593 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Realty Income by 4.4% during the 1st quarter. QRG Capital Management Inc. now owns 50,344 shares of the real estate investment trust's stock valued at $2,920,000 after buying an additional 2,124 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

NYSE:O opened at $59.44 on Thursday. The business has a 50 day moving average of $59.07 and a 200 day moving average of $57.52. The company has a market capitalization of $54.35 billion, a price-to-earnings ratio of 57.71, a PEG ratio of 4.49 and a beta of 0.78. 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 current ratio of 1.85 and a quick ratio of 1.85.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business'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 completion of the sale, the director owned 19,211 shares in the company, 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 hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on O. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Scotiabank boosted their price objective on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. UBS Group boosted their price objective on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Weiss Ratings reissued a "hold (c)" rating on shares of Realty Income in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald started coverage on Realty Income in a report on Wednesday, October 1st. They set a "neutral" rating and a $64.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Realty Income currently has an average rating of "Hold" and a consensus target price of $62.25.

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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