Simplicity Wealth LLC Acquires New Holdings in Realty Income Corporation $O

Simplicity Wealth LLC acquired a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,512 shares of the real estate investment trust's stock, valued at approximately $433,000.

A number of other institutional investors also recently modified their holdings of the company. Revisor Wealth Management LLC raised its holdings in shares of Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust's stock valued at $454,000 after buying an additional 178 shares during the last quarter. Pure Financial Advisors LLC raised its holdings in Realty Income by 3.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust's stock worth $318,000 after purchasing an additional 185 shares during the last quarter. N.E.W. Advisory Services LLC raised its holdings in Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after purchasing an additional 186 shares during the last quarter. RB Capital Management LLC raised its holdings in Realty Income by 1.1% during the 2nd quarter. RB Capital Management LLC now owns 16,596 shares of the real estate investment trust's stock worth $956,000 after purchasing an additional 187 shares during the last quarter. Finally, Associated Banc Corp raised its holdings in Realty Income by 1.9% during the 1st quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock worth $595,000 after purchasing an additional 192 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Insider Activity

In related 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 transaction, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company's stock.

Realty Income Price Performance

Shares of O opened at $59.01 on Thursday. 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 stock has a 50 day simple moving average of $58.88 and a 200 day simple moving average of $57.44. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The firm has a market capitalization of $53.95 billion, a PE ratio of 57.29, a P/E/G ratio of 4.56 and a beta of 0.78.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Realty Income's revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $0.2695 dividend. The ex-dividend date is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 5.5%. This is a boost from Realty Income's previous monthly dividend of $0.27. Realty Income's payout ratio is presently 313.59%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on O shares. Mizuho boosted their price objective on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Realty Income in a report on Wednesday. Cantor Fitzgerald began coverage on Realty Income in a research report on Wednesday, October 1st. They set a "neutral" rating and a $64.00 target price for the company. Finally, Evercore ISI began coverage on Realty Income in a research report on Wednesday, October 1st. They set an "in-line" rating and a $62.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $62.25.

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.

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:O - Free Report).

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.