Cullen Investment Group LTD. Has $10.02 Million Stock Holdings in Realty Income Corporation $O

Cullen Investment Group LTD. lifted its holdings in shares of Realty Income Corporation (NYSE:O) by 76.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 165,842 shares of the real estate investment trust’s stock after acquiring an additional 71,708 shares during the period. Realty Income makes up about 1.3% of Cullen Investment Group LTD.’s investment portfolio, making the stock its 21st biggest position. Cullen Investment Group LTD.’s holdings in Realty Income were worth $10,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in O. Compagnie Lombard Odier SCmA bought a new position in Realty Income during the second quarter worth about $25,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Realty Income in the 3rd quarter valued at approximately $29,000. Avion Wealth raised its holdings in shares of Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 309 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Realty Income during the 2nd quarter worth approximately $31,000. Finally, Country Trust Bank boosted its stake in Realty Income by 806.5% in the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on O shares. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Sunday. Scotiabank upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Monday. Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target for the company. Finally, Wells Fargo & Company upped 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 note on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.25.

Realty Income Stock Performance

Shares of NYSE:O opened at $57.46 on Wednesday. The business has a fifty day moving average of $57.91 and a 200-day moving average of $58.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.08. The firm has a market cap of $52.86 billion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 3.64 and a beta of 0.80.

Realty Income (NYSE:O) last issued its quarterly 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 net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’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. On average, equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.27 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Realty Income’s dividend payout ratio (DPR) is 299.07%.

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 that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

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.