Realty Income Corporation $O Shares Sold by Measured Risk Portfolios Inc.

Measured Risk Portfolios Inc. cut its position in Realty Income Corporation (NYSE:O) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,600 shares of the real estate investment trust’s stock after selling 175 shares during the quarter. Realty Income makes up 2.3% of Measured Risk Portfolios Inc.’s investment portfolio, making the stock its 12th biggest holding. Measured Risk Portfolios Inc.’s holdings in Realty Income were worth $2,339,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Realty Income in the 2nd quarter valued at about $25,000. Keystone Global Partners LLC purchased a new position in shares of Realty Income during the 1st quarter worth approximately $26,000. PSI Advisors LLC raised its stake in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 252 shares in the last quarter. FSC Wealth Advisors LLC raised its stake in shares of Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 455 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Realty Income during the 2nd quarter worth approximately $36,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Evercore ISI started coverage on Realty Income in a research note on Wednesday. They issued an “in-line” rating and a $62.00 price objective for the company. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Barclays raised their price objective on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Finally, Cantor Fitzgerald started coverage on Realty Income in a report on Wednesday. They issued a “neutral” rating and a $64.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus price target of $62.25.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.6%

Shares of Realty Income stock opened at $60.41 on Friday. 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 market cap of $55.24 billion, a P/E ratio of 58.65, a P/E/G ratio of 4.62 and a beta of 0.78. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The business has a 50-day moving average price of $58.73 and a 200 day moving average price 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 for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. Realty Income’s dividend payout ratio is currently 313.59%.

Realty Income 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.