Stratos Wealth Partners LTD. increased its stake in Realty Income Corporation (NYSE:O - Free Report) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,502 shares of the real estate investment trust's stock after buying an additional 7,427 shares during the period. Stratos Wealth Partners LTD.'s holdings in Realty Income were worth $6,020,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norinchukin Bank The grew its stake in shares of Realty Income by 9.7% in the 1st quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock worth $4,929,000 after buying an additional 7,497 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of Realty Income by 2.7% in the 2nd quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust's stock worth $15,134,000 after buying an additional 6,885 shares during the last quarter. Victory Capital Management Inc. lifted its position in Realty Income by 5.3% in the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock valued at $23,018,000 after acquiring an additional 19,965 shares in the last quarter. Community Bank of Raymore lifted its position in Realty Income by 19.7% in the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock valued at $8,636,000 after acquiring an additional 24,467 shares in the last quarter. Finally, Venture Visionary Partners LLC lifted its position in Realty Income by 6.2% in the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock valued at $8,266,000 after acquiring an additional 8,297 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a research report on Wednesday, October 8th. Scotiabank upped their price objective 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 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. Finally, UBS Group increased 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. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $62.25.
Read Our Latest Stock Report on Realty Income
Realty Income Stock Up 1.1%
Shares of NYSE O opened at $59.97 on Friday. The firm has a 50-day simple moving average of $59.16 and a two-hundred day simple moving average of $57.55. 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 Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a market cap of $54.83 billion, a P/E ratio of 58.22, a PEG ratio of 4.53 and a beta of 0.78.
Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 firm posted $1.07 EPS. Research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.
Realty Income Dividend Announcement
The company also recently declared 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. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income's payout ratio is currently 313.59%.
Insider Transactions at Realty Income
In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company's stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.
About Realty Income
(
Free Report)
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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