Econ Financial Services Corp Invests $1.56 Million in Realty Income Corporation $O

Econ Financial Services Corp bought a new position in shares of Realty Income Corporation (NYSE:O) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,647 shares of the real estate investment trust’s stock, valued at approximately $1,559,000.

Several other institutional investors also recently bought and sold shares of the stock. Moseley Investment Management Inc. boosted its position in 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. Crescent Sterling Ltd. increased its holdings in shares of Realty Income by 4.1% during the 3rd quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 176 shares in the last quarter. Castle Rock Wealth Management LLC lifted its stake in shares of 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 valued at $1,552,000 after purchasing an additional 177 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in Realty Income by 10.7% during the second 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 in the last quarter. Finally, Revisor Wealth Management LLC boosted its holdings in Realty Income by 2.3% during 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. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Down 1.0%

O opened at $56.46 on Friday. The company has a market cap of $51.94 billion, a PE ratio of 52.28, a price-to-earnings-growth ratio of 3.53 and a beta of 0.80. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.08. The company has a 50-day moving average price of $57.24 and a 200 day moving average price of $58.02. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last posted its quarterly earnings data 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 2.45% and a net margin of 17.17%.The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the firm posted $1.05 EPS. Realty Income’s revenue 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. Sell-side analysts expect 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. Investors of record on Wednesday, December 31st will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, December 31st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 300.00%.

Wall Street Analyst Weigh In

O has been the subject of a number of recent analyst reports. Mizuho cut their price objective on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Royal Bank Of Canada raised their target price on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Wall Street Zen cut Realty Income from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Monday. Finally, Morgan Stanley raised their price objective on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.23.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.