Realty Income Corporation $O Shares Acquired by Oak Hill Wealth Advisors LLC

Oak Hill Wealth Advisors LLC lifted its stake in shares of Realty Income Corporation (NYSE:O) by 2.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,550 shares of the real estate investment trust’s stock after purchasing an additional 293 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in Realty Income were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norinchukin Bank The lifted its stake in shares of Realty Income by 9.7% during the first 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 period. Victory Capital Management Inc. lifted its position in Realty Income by 5.3% during the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock valued at $23,018,000 after purchasing an additional 19,965 shares during the period. Community Bank of Raymore lifted its position in Realty Income by 19.7% during the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock valued at $8,636,000 after purchasing an additional 24,467 shares during the period. Trust Co. of Vermont lifted its position in Realty Income by 2.7% during the second quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock valued at $15,134,000 after purchasing an additional 6,885 shares during the period. Finally, Venture Visionary Partners LLC lifted its position in Realty Income by 6.2% during the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock valued at $8,266,000 after purchasing an additional 8,297 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Realty Income

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

Realty Income Stock Up 0.6%

Shares of NYSE O opened at $60.41 on Friday. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The stock has a market cap of $55.24 billion, a PE ratio of 58.65, a P/E/G ratio of 4.59 and a beta of 0.78. 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 50-day moving average of $58.73 and a 200 day moving average of $57.37.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts predict that Realty Income Corporation will post 4.19 EPS 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. Investors of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a yield of 5.4%. This is a boost from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is currently 313.59%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on O shares. Mizuho boosted their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Evercore ISI started coverage on shares of Realty Income in a research report on Wednesday. They set an “in-line” rating and a $62.00 target price for the company. Scotiabank boosted their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Barclays boosted their target price on shares of Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Finally, UBS Group upped their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.25.

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.