Belpointe Asset Management LLC Has $2.23 Million Holdings in Realty Income Corporation $O

Belpointe Asset Management LLC grew its stake in Realty Income Corporation (NYSE:O) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,755 shares of the real estate investment trust’s stock after purchasing an additional 1,909 shares during the period. Belpointe Asset Management LLC’s holdings in Realty Income were worth $2,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new stake in Realty Income during the second quarter worth about $25,000. Keystone Global Partners LLC acquired a new stake in shares of Realty Income during the 1st quarter worth approximately $26,000. PSI Advisors LLC increased 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 purchasing an additional 252 shares during the period. FSC Wealth Advisors LLC lifted its position in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 455 shares during the period. Finally, Hilltop National Bank bought a new position in Realty Income in the second quarter worth $36,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on O shares. Barclays boosted their price target on shares of Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. Evercore ISI began coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Saturday, September 27th. UBS Group lifted their price objective on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Finally, Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.25.

Realty Income Trading Down 0.8%

Shares of O stock opened at $59.90 on Tuesday. The company has a market capitalization of $54.77 billion, a P/E ratio of 58.16, a P/E/G ratio of 4.62 and a beta of 0.78. Realty Income Corporation has a 12-month low of $50.71 and a 12-month 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. The firm has a 50-day moving average price of $58.79 and a 200 day moving average price of $57.41.

Realty Income (NYSE:O) 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. Research analysts forecast that Realty Income Corporation will post 4.19 earnings per share 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. Shareholders of record on Wednesday, October 1st will be given a $0.2695 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is presently 313.59%.

Insider Buying and Selling

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.