Realty Income Co. (NYSE:O) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 110.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,001 shares of the real estate investment trust’s stock after acquiring an additional 20,427 shares during the quarter. EP Wealth Advisors LLC’s holdings in Realty Income were worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Founders Financial Securities LLC boosted its stake in shares of Realty Income by 0.9% during the second quarter. Founders Financial Securities LLC now owns 21,210 shares of the real estate investment trust’s stock valued at $1,120,000 after acquiring an additional 181 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Realty Income by 0.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 35,285 shares of the real estate investment trust’s stock worth $1,864,000 after purchasing an additional 199 shares during the last quarter. Optimum Investment Advisors grew its holdings in shares of Realty Income by 11.1% during the second quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 200 shares in the last quarter. MeadowBrook Investment Advisors LLC raised its position in shares of Realty Income by 3.4% in the second quarter. MeadowBrook Investment Advisors LLC now owns 6,092 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 200 shares during the last quarter. Finally, First Affirmative Financial Network lifted its stake in shares of Realty Income by 2.1% during the first quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock valued at $532,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Scotiabank increased their target price on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Robert W. Baird raised their price target on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Wedbush started coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Finally, Stifel Nicolaus raised their target price on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.80.

Realty Income Stock Performance

Shares of NYSE:O opened at $62.99 on Wednesday. The business’s 50-day simple moving average is $61.05 and its 200 day simple moving average is $56.22. The company has a market cap of $54.85 billion, a P/E ratio of 58.32, a PEG ratio of 4.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. Realty Income Co. has a one year low of $45.03 and a one year high of $63.60.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, sell-side analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.2635 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Realty Income’s previous oct 24 dividend of $0.26. This represents a dividend yield of 5%. Realty Income’s dividend payout ratio (DPR) is currently 292.59%.

About Realty Income

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.