PDS Planning Inc Buys 1,086 Shares of Realty Income Corporation $O

PDS Planning Inc increased its stake in shares of Realty Income Corporation (NYSE:O) by 25.4% in the second quarter, HoldingsChannel reports. The firm owned 5,355 shares of the real estate investment trust’s stock after buying an additional 1,086 shares during the period. PDS Planning Inc’s holdings in Realty Income were worth $309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA bought a new position in Realty Income in the second quarter worth about $25,000. Keystone Global Partners LLC acquired a new stake in shares of Realty Income in the 1st quarter worth $26,000. PSI Advisors LLC grew its stake in Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 252 shares during the last quarter. FSC Wealth Advisors LLC raised its stake in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 455 shares during the last quarter. Finally, Hilltop National Bank purchased a new stake in Realty Income in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on O. Cantor Fitzgerald began coverage on Realty Income in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price target for the company. Scotiabank increased their price objective on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. UBS Group increased their price objective on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Evercore ISI initiated coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective on the stock. Finally, Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.25.

Realty Income Stock Down 0.7%

Realty Income stock opened at $58.26 on Monday. The firm has a market cap of $53.27 billion, a price-to-earnings ratio of 56.56, a price-to-earnings-growth ratio of 4.45 and a beta of 0.78. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The business’s 50-day moving average price is $58.96 and its 200 day moving average price is $57.48. 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 posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company 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%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $1.07 earnings per share. As a group, sell-side analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Wednesday, October 1st. Realty Income’s dividend payout ratio (DPR) is currently 313.59%.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.