Realty Income Corporation $O Shares Acquired by Ellis Investment Partners LLC

Ellis Investment Partners LLC boosted its holdings in Realty Income Corporation (NYSE:O) by 11.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,182 shares of the real estate investment trust’s stock after buying an additional 743 shares during the quarter. Ellis Investment Partners LLC’s holdings in Realty Income were worth $414,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new position in Realty Income in the second quarter valued at $25,000. Keystone Global Partners LLC purchased a new position in Realty Income in the first quarter valued at $26,000. PSI Advisors LLC increased its holdings in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 252 shares during the last quarter. FSC Wealth Advisors LLC increased its holdings 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 valued at $36,000 after buying an additional 455 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in Realty Income in the second quarter valued at $36,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.8%

Realty Income stock opened at $58.74 on Tuesday. The stock has a 50 day moving average of $58.99 and a two-hundred day moving average of $57.50. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The stock has a market capitalization of $53.71 billion, a price-to-earnings ratio of 57.03, a PEG ratio of 4.45 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.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS 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 company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company earned $1.07 EPS. Realty Income’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company 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 $0.2695 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.5%. Realty Income’s payout ratio is presently 313.59%.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of the 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 transaction, the director directly owned 19,211 shares of the company’s stock, valued at $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 SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on O. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Mizuho raised their price objective on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Finally, Cantor Fitzgerald started coverage on Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.25.

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.