Wealth Enhancement Advisory Services LLC Has $15.85 Million Stake in Realty Income Corporation $O

Wealth Enhancement Advisory Services LLC grew its stake in Realty Income Corporation (NYSE:O) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,770 shares of the real estate investment trust’s stock after purchasing an additional 5,778 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Realty Income were worth $15,849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norinchukin Bank The grew its position in Realty Income by 9.7% in the 1st quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock worth $4,929,000 after purchasing an additional 7,497 shares during the last quarter. Victory Capital Management Inc. grew its position in Realty Income by 5.3% in the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock worth $23,018,000 after purchasing an additional 19,965 shares during the last quarter. Community Bank of Raymore lifted its holdings in shares of Realty Income by 19.7% during the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock worth $8,636,000 after acquiring an additional 24,467 shares during the period. Venture Visionary Partners LLC lifted its holdings in shares of Realty Income by 6.2% during the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock worth $8,266,000 after acquiring an additional 8,297 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock worth $662,589,000 after acquiring an additional 48,024 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on O shares. UBS Group raised their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. 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 report on Thursday, September 11th. Barclays lifted their price target on shares of Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. Finally, Scotiabank lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.36.

Realty Income Trading Up 0.2%

O opened at $59.21 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $54.14 billion, a PE ratio of 57.49, a PEG ratio of 4.52 and a beta of 0.77. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The firm has a 50-day moving average price of $58.17 and a two-hundred day moving average price of $57.16.

Realty Income (NYSE:O) last posted its quarterly earnings data 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). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is 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.