Geneos Wealth Management Inc. Raises Stock Position in Realty Income Corporation $O

Geneos Wealth Management Inc. raised its position in Realty Income Corporation (NYSE:O) by 104.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,336 shares of the real estate investment trust’s stock after purchasing an additional 79,770 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Realty Income were worth $9,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Realty Income in the second quarter valued at approximately $676,500,000. Vanguard Group Inc. raised its position in Realty Income by 2.5% in the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after purchasing an additional 3,624,852 shares during the period. Geode Capital Management LLC lifted its stake in shares of Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after purchasing an additional 2,058,031 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Realty Income by 420.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after purchasing an additional 1,728,082 shares during the period. Finally, ABN Amro Investment Solutions acquired a new stake in shares of Realty Income during the 2nd quarter worth about $70,939,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

O has been the subject of several research analyst reports. Scotiabank increased their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Cantor Fitzgerald decreased their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Barclays increased their price objective on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Mizuho boosted their target price on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research note on Monday, December 1st. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.25.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Realty Income Trading Up 0.9%

NYSE:O opened at $57.71 on Friday. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08. The firm has a market cap of $53.09 billion, a PE ratio of 53.44, a price-to-earnings-growth ratio of 3.62 and a beta of 0.80. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $57.99 and a 200 day moving average price of $58.01.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.Realty Income’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Sell-side 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 declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.27 per share. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 5.6%. Realty Income’s dividend payout ratio (DPR) is presently 299.07%.

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.