Realty Income Corporation $O Shares Purchased by Leslie Global Wealth LLC

Leslie Global Wealth LLC raised its position in Realty Income Corporation (NYSE:O) by 994.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 44,013 shares of the real estate investment trust’s stock after purchasing an additional 39,991 shares during the period. Realty Income accounts for approximately 1.3% of Leslie Global Wealth LLC’s portfolio, making the stock its 16th biggest holding. Leslie Global Wealth LLC’s holdings in Realty Income were worth $2,676,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of O. Moseley Investment Management Inc. grew its holdings 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 valued at $781,000 after buying an additional 175 shares in the last quarter. Crescent Sterling Ltd. grew its holdings in shares of Realty Income by 4.1% in the third 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 during the period. Castle Rock Wealth Management LLC grew its holdings in shares of Realty Income by 0.6% in the second 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 increased its position 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 purchasing an additional 177 shares during the last quarter. Finally, Revisor Wealth Management LLC raised its stake 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 purchasing an additional 178 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $57.31 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.08. The stock has a 50 day moving average of $57.19 and a two-hundred day moving average of $58.02. The stock has a market cap of $52.72 billion, a P/E ratio of 53.06, a P/E/G ratio of 3.47 and a beta of 0.80.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.35 billion. During the same period last year, the firm posted $1.05 earnings per share. The company’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. On average, research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current 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 dividend of $0.27 per share. 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 5.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Realty Income’s dividend payout ratio is 300.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on O. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Mizuho lowered their price objective on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Morgan Stanley boosted their target price on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 24th. Wall Street Zen downgraded Realty Income from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Finally, Evercore ISI assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.23.

Realty Income Company 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.