Realty Income Corporation $O Shares Sold by Trust Investment Advisors

Trust Investment Advisors cut its stake in shares of Realty Income Corporation (NYSE:O) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,454 shares of the real estate investment trust’s stock after selling 314 shares during the quarter. Trust Investment Advisors’ holdings in Realty Income were worth $1,294,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Howard Capital Management Inc. boosted its holdings in Realty Income by 54.6% during the second quarter. Howard Capital Management Inc. now owns 6,127 shares of the real estate investment trust’s stock worth $353,000 after buying an additional 2,163 shares in the last quarter. Reliant Investment Partners LLC lifted its position in shares of Realty Income by 5.8% during the 2nd quarter. Reliant Investment Partners LLC now owns 4,769 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 261 shares during the period. William Allan Corp boosted its stake in shares of Realty Income by 4.4% during the 2nd quarter. William Allan Corp now owns 11,630 shares of the real estate investment trust’s stock worth $670,000 after acquiring an additional 485 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Realty Income by 6.0% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 186,253 shares of the real estate investment trust’s stock worth $10,730,000 after acquiring an additional 10,600 shares during the period. Finally, Rossby Financial LCC acquired a new stake in shares of Realty Income in the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Evercore ISI started coverage on Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target for the company. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Scotiabank raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Finally, Barclays upped their price target on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $62.58.

Realty Income Trading Up 0.7%

Realty Income stock opened at $60.38 on Tuesday. The stock has a 50-day moving average price of $59.45 and a 200 day moving average price of $57.84. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $62.11. The stock has a market cap of $55.21 billion, a PE ratio of 58.63, a P/E/G ratio of 4.58 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 earnings per share. Equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a $0.2695 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s payout ratio is presently 313.59%.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The sale 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 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.