Realty Income Corporation $O Stock Holdings Lifted by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC lifted its position in Realty Income Corporation (NYSE:O) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,510 shares of the real estate investment trust’s stock after acquiring an additional 2,886 shares during the period. Sagespring Wealth Partners LLC’s holdings in Realty Income were worth $2,046,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norinchukin Bank The increased its position in shares of Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock worth $4,929,000 after acquiring an additional 7,497 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of 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 worth $15,134,000 after purchasing an additional 6,885 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of 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 worth $23,018,000 after purchasing an additional 19,965 shares during the period. Community Bank of Raymore boosted its holdings in shares of 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 worth $8,636,000 after purchasing an additional 24,467 shares during the period. Finally, Venture Visionary Partners LLC boosted its holdings in shares of 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 worth $8,266,000 after purchasing an additional 8,297 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on O shares. Barclays raised their price target on shares of Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Scotiabank lifted 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 note on Thursday, August 28th. Cantor Fitzgerald began coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.25.

Realty Income Trading Up 0.2%

NYSE:O opened at $58.85 on Wednesday. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The firm has a market cap of $53.80 billion, a price-to-earnings ratio of 57.13, a P/E/G ratio of 4.49 and a beta of 0.78. 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 company’s 50 day moving average is $59.02 and its 200-day moving average is $57.51.

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 analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business earned $1.07 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current 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 given a $0.2695 dividend. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Realty Income’s payout ratio is 313.59%.

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.