Realty Income Corporation $O Shares Purchased by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC increased its stake in shares of Realty Income Corporation (NYSE:O) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,115 shares of the real estate investment trust’s stock after acquiring an additional 600 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Realty Income were worth $352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of O. Compagnie Lombard Odier SCmA acquired a new stake in Realty Income during the 2nd quarter worth $25,000. Keystone Global Partners LLC purchased a new position in Realty Income during the 1st quarter worth $26,000. Avion Wealth grew its position in Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares during the last quarter. Hilltop National Bank purchased a new position in Realty Income during the 2nd quarter worth $36,000. Finally, CBIZ Investment Advisory Services LLC grew its position in Realty Income by 87.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 303 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Mizuho raised their price objective on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Scotiabank raised their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Finally, Evercore ISI assumed coverage on shares of 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. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $62.58.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 11,000 shares of the business’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 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Down 1.5%

Shares of NYSE:O opened at $58.34 on Thursday. The company has a market cap of $53.34 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 4.52 and a beta of 0.78. The firm’s 50-day simple moving average is $59.42 and its 200-day simple moving average is $57.90. 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 Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share 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 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 was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. As a group, equities research 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 disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued 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 yield of 5.5%. Realty Income’s payout ratio is currently 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.