Vision Financial Markets LLC Cuts Stock Position in Realty Income Corporation $O

Vision Financial Markets LLC trimmed its stake in Realty Income Corporation (NYSE:O) by 89.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,201 shares of the real estate investment trust’s stock after selling 10,299 shares during the quarter. Vision Financial Markets LLC’s holdings in Realty Income were worth $69,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new position in shares of Realty Income in the 2nd quarter worth about $25,000. Keystone Global Partners LLC purchased a new position in Realty Income in the first quarter worth about $26,000. Avion Wealth lifted its stake in shares of Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 309 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Realty Income during the second quarter valued at approximately $36,000. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of Realty Income by 87.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 303 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

O has been the topic of a number of research analyst reports. Barclays upped their price target on Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Mizuho raised their target price on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Evercore ISI initiated coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target on the stock. Finally, Cantor Fitzgerald started coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average target price of $62.58.

Realty Income Stock Up 0.7%

Shares of NYSE O opened at $60.38 on Tuesday. The stock has a market capitalization of $55.21 billion, a price-to-earnings ratio of 58.63, a P/E/G ratio of 4.58 and a beta of 0.78. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $62.11. The firm’s 50-day moving average price is $59.45 and its 200-day moving average price is $57.84. 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 announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 EPS. On average, equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a dividend of $0.2695 per share. 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 dividend payout ratio (DPR) is 313.59%.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

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.