Blue Trust Inc. Buys 374 Shares of Realty Income Corporation $O

Blue Trust Inc. increased its stake in shares of Realty Income Corporation (NYSE:O) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,194 shares of the real estate investment trust’s stock after buying an additional 374 shares during the period. Blue Trust Inc.’s holdings in Realty Income were worth $990,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of O. Compagnie Lombard Odier SCmA bought a new stake in shares of Realty Income during the 2nd quarter worth about $25,000. Keystone Global Partners LLC bought a new stake in shares of Realty Income during the 1st quarter worth about $26,000. PSI Advisors LLC boosted its holdings 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 during the period. FSC Wealth Advisors LLC boosted its holdings 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 during the period. Finally, Hilltop National Bank bought a new stake in shares of Realty Income during the 2nd quarter worth about $36,000. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Wednesday. Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Barclays boosted their price objective 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 initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus price target of $62.25.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

Shares of Realty Income stock opened at $58.26 on Friday. The company has a 50 day moving average of $58.96 and a 200-day moving average of $57.48. Realty Income Corporation has a 1-year low of $50.71 and a 1-year 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 cap of $53.27 billion, a PE ratio of 56.56, a price-to-earnings-growth ratio of 4.45 and a beta of 0.78.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.33 billion. During the same period last year, the company posted $1.07 EPS. The business’s revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared 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 is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. Realty Income’s 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.