Everhart Financial Group Inc. Takes $247,000 Position in Realty Income Co. (NYSE:O)

Everhart Financial Group Inc. acquired a new position in Realty Income Co. (NYSE:O) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,671 shares of the real estate investment trust’s stock, valued at approximately $247,000.

Other large investors have also recently added to or reduced their stakes in the company. American National Bank bought a new stake in shares of Realty Income during the 4th quarter worth about $25,000. Vima LLC acquired a new position in shares of Realty Income during the fourth quarter valued at approximately $25,000. Pacifica Partners Inc. raised its holdings in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares in the last quarter. WASHINGTON TRUST Co lifted its position in Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 197 shares during the period. Finally, Northwest Investment Counselors LLC bought a new position in Realty Income during the 1st quarter valued at $27,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Up 1.0 %

O stock traded up $0.60 during trading hours on Friday, hitting $61.10. The company’s stock had a trading volume of 4,239,747 shares, compared to its average volume of 6,044,447. The stock has a 50 day moving average price of $56.65 and a two-hundred day moving average price of $54.32. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $61.60. The company has a market capitalization of $53.20 billion, a PE ratio of 56.57, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company posted $1.00 EPS. The business’s revenue was up 31.4% compared to the same quarter last year. On average, equities research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be given a $0.263 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s dividend payout ratio is currently 291.67%.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

O has been the subject of a number of research analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Wedbush began coverage on shares of Realty Income in a research note on Monday. They set a “neutral” rating and a $64.00 target price for the company. Mizuho lifted their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Scotiabank increased their price objective on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Finally, UBS Group raised their price objective on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.73.

About Realty Income

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.