Fiduciary Alliance LLC Raises Position in Realty Income Corporation $O

Fiduciary Alliance LLC boosted its position in Realty Income Corporation (NYSE:O) by 234.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,785 shares of the real estate investment trust’s stock after purchasing an additional 11,066 shares during the period. Fiduciary Alliance LLC’s holdings in Realty Income were worth $960,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Realty Income in the second quarter valued at $25,000. Heartwood Wealth Advisors LLC bought a new position in shares of Realty Income during the 3rd quarter worth $29,000. Avion Wealth increased its holdings in 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 acquiring an additional 309 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Realty Income in the 2nd quarter worth about $31,000. Finally, Country Trust Bank raised 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 acquiring an additional 500 shares during the period. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company increased their target price 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. Scotiabank raised their price objective 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. Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Sunday, December 14th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $61.00 target price on shares of Realty Income in a report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research report on Monday. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.00.

Realty Income Price Performance

Shares of NYSE:O opened at $56.77 on Friday. The company has a 50 day moving average of $57.84 and a 200 day moving average of $58.03. 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 market cap of $52.22 billion, a P/E ratio of 52.56, a P/E/G ratio of 3.62 and a beta of 0.80. 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 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 analysts’ expectations of $1.35 billion. During the same period in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.27 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Realty Income’s dividend payout ratio is 299.07%.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.