Resonant Capital Advisors LLC Acquires New Position in Realty Income Corporation $O

Resonant Capital Advisors LLC bought a new position in shares of Realty Income Corporation (NYSE:O) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 4,049 shares of the real estate investment trust’s stock, valued at approximately $233,000.

A number of other large investors have also modified their holdings of the business. Nuveen LLC purchased a new position in Realty Income in the first quarter worth $207,573,000. Vanguard Group Inc. grew its stake in shares of Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock worth $8,267,084,000 after purchasing an additional 3,274,853 shares during the period. Centersquare Investment Management LLC grew its stake in shares of Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock worth $288,375,000 after purchasing an additional 1,055,840 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock valued at $658,813,000 after purchasing an additional 992,303 shares in the last quarter. Finally, Adelante Capital Management LLC lifted its stake in shares of Realty Income by 1,380.2% in the first quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust’s stock valued at $49,928,000 after purchasing an additional 802,526 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Down 1.9%

O stock opened at $59.25 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The company’s 50 day simple moving average is $59.46 and its 200-day simple moving average is $57.88. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $61.34. The firm has a market capitalization of $54.17 billion, a PE ratio of 57.52, a P/E/G ratio of 4.61 and a beta of 0.78.

Realty Income (NYSE:O) last posted 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 during 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%. Realty Income’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 EPS. Equities analysts expect 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. Investors of record on Friday, October 31st will be paid a $0.2695 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.5%. Realty Income’s payout ratio is presently 313.59%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on O shares. Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Mizuho lifted their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Barclays boosted their price target on Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. UBS Group raised their price objective on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Finally, Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.58.

Insider Transactions at Realty Income

In other Realty Income 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 transaction of $664,730.00. Following the sale, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.