Wealth Quarterback LLC Buys 1,908 Shares of Realty Income Corporation $O

Wealth Quarterback LLC increased its position in Realty Income Corporation (NYSE:O) by 40.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,665 shares of the real estate investment trust’s stock after purchasing an additional 1,908 shares during the quarter. Wealth Quarterback LLC’s holdings in Realty Income were worth $384,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Realty Income in the 2nd quarter worth $25,000. Keystone Global Partners LLC bought a new stake in shares of Realty Income in the first quarter valued at about $26,000. Avion Wealth raised its holdings in shares of Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 309 shares in the last quarter. Hilltop National Bank purchased a new stake in Realty Income in the second quarter worth about $36,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Realty Income by 87.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 303 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

O opened at $57.16 on Wednesday. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08. 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 firm has a market capitalization of $52.58 billion, a PE ratio of 55.50, a P/E/G ratio of 4.46 and a beta of 0.77. The firm has a 50 day moving average of $59.15 and a two-hundred day moving average of $57.87.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $0.2695 dividend. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, November 28th. Realty Income’s dividend payout ratio is presently 299.07%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Cantor Fitzgerald cut their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Royal Bank Of Canada increased their price objective on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Wall Street Zen upgraded Realty Income from a “strong sell” rating to a “hold” rating in a research note on Monday. UBS Group upped their price target on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Finally, Evercore ISI assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.33.

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.