Chicago Partners Investment Group LLC Purchases 1,231 Shares of Realty Income Corporation $O

Chicago Partners Investment Group LLC grew its position in shares of Realty Income Corporation (NYSE:O) by 9.6% in the second quarter, Holdings Channel reports. The fund owned 14,096 shares of the real estate investment trust’s stock after buying an additional 1,231 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Realty Income were worth $816,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in Realty Income during the second quarter valued at $25,000. Keystone Global Partners LLC purchased a new stake in shares of Realty Income during the 1st quarter valued at about $26,000. Hilltop National Bank bought a new position in shares of Realty Income in the 2nd quarter valued at about $36,000. CBIZ Investment Advisory Services LLC grew its position in Realty Income by 87.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 303 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its position in Realty Income by 309.2% in the second quarter. ST Germain D J Co. Inc. now owns 757 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 572 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Evercore ISI assumed coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Barclays raised their price target on Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Mizuho increased their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Finally, UBS Group lifted their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.58.

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 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. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

O stock opened at $60.03 on Wednesday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.68. The firm has a market cap of $54.89 billion, a price-to-earnings ratio of 58.29, a PEG ratio of 4.63 and a beta of 0.78. The business’s fifty day simple moving average is $59.27 and its two-hundred day simple moving average is $57.61. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. Analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a dividend of $0.2695 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is 313.59%.

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.