Avantax Advisory Services Inc. Sells 1,010 Shares of Realty Income Corporation $O

Avantax Advisory Services Inc. cut its stake in Realty Income Corporation (NYSE:O) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,076 shares of the real estate investment trust’s stock after selling 1,010 shares during the period. Avantax Advisory Services Inc.’s holdings in Realty Income were worth $6,399,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Moseley Investment Management Inc. boosted its holdings in shares of Realty Income by 1.3% in the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 175 shares in the last quarter. Castle Rock Wealth Management LLC lifted its position in Realty Income by 0.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 177 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Realty Income by 10.7% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 177 shares during the last quarter. Revisor Wealth Management LLC boosted its stake in Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 178 shares in the last quarter. Finally, Pure Financial Advisors LLC grew its position in Realty Income by 3.5% during the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock valued at $318,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

O stock opened at $57.35 on Wednesday. The stock has a market capitalization of $52.76 billion, a price-to-earnings ratio of 55.68, a PEG ratio of 4.46 and a beta of 0.77. The firm’s 50-day moving average price is $58.96 and its two-hundred day moving average price is $57.86. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the firm earned $1.05 earnings per share. Realty Income’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.2695 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 5.6%. Realty Income’s payout ratio is 299.07%.

Wall Street Analyst Weigh In

O has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. UBS Group lifted their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Evercore ISI initiated 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 target for the company. Mizuho lifted their price objective on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research note on Thursday, November 13th. Three equities 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 currently has an average rating of “Hold” and a consensus target price of $62.33.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.

Realty Income 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.