Wealth Enhancement Advisory Services LLC Buys 5,778 Shares of Realty Income Corporation $O

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Realty Income Corporation to $15.85 million, acquiring a total of 274,770 shares in the second quarter.
• Realty Income recently announced a monthly dividend of $0.2695 per share, which reflects a yield of 5.5% and a slight increase from its previous dividend.
• Equities analysts have mixed ratings for Realty Income, with a consensus rating of "Hold" and an average price target of $62.36 per share.

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 274,770 shares of the real estate investment trust's stock after acquiring an additional 5,778 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Realty Income were worth $15,849,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Keystone Global Partners LLC purchased a new position in shares of Realty Income in the 1st quarter valued at approximately $26,000. PSI Advisors LLC grew 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 grew 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. Fourth Dimension Wealth LLC purchased a new position in shares of Realty Income in the 4th quarter valued at approximately $34,000. Finally, CBIZ Investment Advisory Services LLC grew its stake 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 purchasing an additional 303 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

O has been the subject of a number of analyst reports. Mizuho increased their target price on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. UBS Group increased their target price on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Barclays increased their target price on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, Scotiabank increased their target price on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $62.36.

Realty Income Price Performance

NYSE:O traded down $0.08 during mid-day trading on Monday, hitting $59.08. The company's stock had a trading volume of 5,905,077 shares, compared to its average volume of 5,386,597. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $54.01 billion, a price-to-earnings ratio of 57.36, a P/E/G ratio of 4.52 and a beta of 0.77. The stock has a fifty day moving average of $58.17 and a 200-day moving average of $57.16.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data 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). 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 analyst estimates of $1.33 billion. During the same period in the previous year, the business posted $1.07 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

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

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.