Sound Income Strategies LLC Increases Stock Position in Realty Income Corporation $O

Key Points

• Sound Income Strategies LLC has increased its stake in Realty Income Corporation by 6.6%, owning over 314,000 shares valued at approximately $18 million.
• Realty Income recently announced a dividend increase to $0.2695 per share, reflecting a healthy dividend yield of 5.4% and a high dividend payout ratio of 313.59%.
• The company's earnings report showed a slight miss on EPS estimates, with a reported $1.05 per share against a forecast of $1.06, while revenue grew 5.3% year-over-year to $1.34 billion.

Sound Income Strategies LLC increased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 6.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 314,484 shares of the real estate investment trust's stock after purchasing an additional 19,342 shares during the period. Realty Income accounts for 1.0% of Sound Income Strategies LLC's holdings, making the stock its 28th biggest holding. Sound Income Strategies LLC's holdings in Realty Income were worth $18,117,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income in the 2nd quarter worth $25,000. Keystone Global Partners LLC bought a new position in Realty Income in the first quarter worth about $26,000. PSI Advisors LLC lifted its position in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the last quarter. FSC Wealth Advisors LLC boosted its holdings in shares of 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 valued at $36,000 after buying an additional 455 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of Realty Income by 87.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 303 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of O opened at $60.28 on Monday. 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 moving average of $58.44 and a two-hundred day moving average of $57.25. The stock has a market cap of $55.11 billion, a P/E ratio of 58.52, a P/E/G ratio of 4.61 and a beta of 0.77. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data 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). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted $1.07 earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a $0.2695 dividend. The ex-dividend date is Wednesday, October 1st. This is an increase from Realty Income's previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Wall Street Analyst Weigh In

O has been the subject of a number of analyst reports. Barclays increased their target price on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. UBS Group raised their price objective on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Scotiabank upped 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. Mizuho increased their price target on Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. Finally, Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Realty Income presently has an average rating of "Hold" and an average 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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