Capital Advisors Inc. OK Boosts Stock Position in Realty Income Corporation $O

Capital Advisors Inc. OK grew its holdings in shares of Realty Income Corporation (NYSE:O) by 24.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 674,603 shares of the real estate investment trust’s stock after buying an additional 133,856 shares during the period. Capital Advisors Inc. OK owned 0.07% of Realty Income worth $41,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in O. Vanguard Group Inc. lifted its stake in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after purchasing an additional 3,624,852 shares during the last quarter. State Street Corp lifted its position in shares of Realty Income by 1.1% during the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock worth $3,556,436,000 after buying an additional 676,697 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after buying an additional 2,058,031 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Realty Income by 5.8% in the 2nd quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock valued at $692,002,000 after buying an additional 654,958 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Realty Income in the 2nd quarter valued at $676,500,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on O. Royal Bank Of Canada boosted their price target on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Cantor Fitzgerald reduced their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Mizuho dropped their price target on Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Wall Street Zen lowered Realty Income from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Finally, Evercore ISI initiated coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.23.

Realty Income Stock Performance

Shares of O stock opened at $57.31 on Friday. The stock’s 50-day moving average price is $57.19 and its 200 day moving average price is $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. The stock has a market capitalization of $52.72 billion, a PE ratio of 53.06, a price-to-earnings-growth ratio of 3.47 and a beta of 0.80. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.08.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 5.7%. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is presently 300.00%.

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.