BLB&B Advisors LLC Has $10 Million Stock Holdings in Realty Income Corporation $O

BLB&B Advisors LLC raised its holdings in Realty Income Corporation (NYSE:O) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,479 shares of the real estate investment trust’s stock after buying an additional 11,136 shares during the period. BLB&B Advisors LLC’s holdings in Realty Income were worth $9,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heartwood Wealth Advisors LLC bought a new position in Realty Income in the 3rd quarter valued at about $29,000. Avion Wealth lifted its holdings in shares of Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 309 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Realty Income during the second quarter valued at approximately $31,000. Country Trust Bank grew its holdings in Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 500 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in Realty Income in the 2nd quarter valued at $36,000. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 0.2%

NYSE:O opened at $60.74 on Friday. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $61.95. 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 firm’s 50 day moving average is $57.88 and its 200 day moving average is $58.25. The stock has a market capitalization of $55.88 billion, a PE ratio of 56.24, a price-to-earnings-growth ratio of 3.90 and a beta of 0.80.

Realty Income (NYSE:O) last released 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. The business had revenue of $1.47 billion during 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 business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share. 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 year.

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 5.3%. Realty Income’s dividend payout ratio is 300.00%.

Analysts Set New Price Targets

A number of research firms have issued reports on O. Barclays lifted their price objective on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Wall Street Zen cut shares of Realty Income from a “hold” rating to a “sell” rating in a report on Sunday, January 18th. Cantor Fitzgerald reduced their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company lifted 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.71.

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.