Edgestream Partners L.P. Sells 22,781 Shares of Realty Income Corporation $O

Edgestream Partners L.P. trimmed its holdings in Realty Income Corporation (NYSE:O) by 18.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,500 shares of the real estate investment trust’s stock after selling 22,781 shares during the quarter. Edgestream Partners L.P.’s holdings in Realty Income were worth $5,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income during the 2nd quarter worth approximately $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income during the 1st quarter valued at $26,000. Avion Wealth boosted its stake in Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares in the last quarter. Country Trust Bank grew its holdings in Realty Income by 806.5% in the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares during the period. Finally, Hilltop National Bank acquired a new stake in Realty Income in the second quarter worth $36,000. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at Realty Income

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 transaction, the director directly owned 19,211 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Realty Income Stock Performance

Shares of O opened at $57.53 on Wednesday. The firm has a market capitalization of $52.92 billion, a P/E ratio of 55.85, a P/E/G ratio of 4.46 and a beta of 0.77. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $61.08. The stock has a 50 day moving average price of $58.42 and a two-hundred day moving average price of $57.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating 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 quarter in the previous 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. Equities analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on O. Wells Fargo & Company increased their price objective on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Royal Bank Of Canada upped their price target on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research note on Monday. Wall Street Zen upgraded Realty Income from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Finally, Mizuho increased their target price on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.15.

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.