Tectonic Advisors LLC Purchases 19,567 Shares of Realty Income Corporation $O

Key Points

• Tectonic Advisors LLC increased its stake in Realty Income Corporation by 13.8%, acquiring an additional 19,567 shares during the second quarter, bringing its total holdings to 160,945 shares valued at approximately $9.27 million.
• Realty Income announced a monthly dividend increase to $0.2695 per share, yielding 5.5%, to be paid on October 15th following a record date on October 1st.
• The company's most recent earnings report showed a miss of one cent with an EPS of $1.05, despite revenues rising to $1.34 billion, reflecting a 5.3% year-over-year growth.

Tectonic Advisors LLC boosted its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 13.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,945 shares of the real estate investment trust's stock after buying an additional 19,567 shares during the period. Tectonic Advisors LLC's holdings in Realty Income were worth $9,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new position in Realty Income during the second quarter valued at approximately $25,000. Keystone Global Partners LLC bought a new stake in shares of Realty Income in the 1st quarter valued at approximately $26,000. PSI Advisors LLC lifted its stake in shares of Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares during the last quarter. FSC Wealth Advisors LLC lifted its stake 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 purchasing an additional 455 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in shares of Realty Income in the 2nd quarter valued at approximately $36,000. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 1.0%

O opened at $59.01 on Thursday. The stock's fifty day moving average is $58.88 and its two-hundred day moving average is $57.44. The company has a market capitalization of $53.95 billion, a P/E ratio of 57.29, a PEG ratio of 4.56 and a beta of 0.78. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

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

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a $0.2695 dividend. The ex-dividend date is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. This is a boost from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is 313.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on O shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a research note on Wednesday. Barclays raised their price objective on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. UBS Group raised their price objective on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Finally, Cantor Fitzgerald started coverage on Realty Income in a research note on Wednesday, October 1st. They issued 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 company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $62.25.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm's stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company's stock.

About Realty Income

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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