Verus Capital Partners LLC Has $751,000 Stake in Realty Income Co. (NYSE:O)

Verus Capital Partners LLC lowered its stake in Realty Income Co. (NYSE:O) by 3.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,216 shares of the real estate investment trust’s stock after selling 576 shares during the period. Verus Capital Partners LLC’s holdings in Realty Income were worth $751,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. American National Bank bought a new position in shares of Realty Income in the 4th quarter valued at about $25,000. Vima LLC acquired a new position in Realty Income in the fourth quarter valued at approximately $25,000. Pacifica Partners Inc. boosted its stake in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 400 shares during the last quarter. WASHINGTON TRUST Co grew its holdings in Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Realty Income during the 1st quarter valued at $27,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on O. Wells Fargo & Company raised their price target on Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. Wedbush started coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price for the company. Scotiabank increased their price target on shares of Realty Income from $56.00 to $61.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Stifel Nicolaus boosted their price objective on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Robert W. Baird upped their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $62.02.

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Realty Income Price Performance

O stock opened at $62.11 on Tuesday. The stock has a market cap of $54.08 billion, a PE ratio of 57.51, a price-to-earnings-growth ratio of 4.62 and a beta of 0.96. The stock has a 50-day moving average price of $57.70 and a two-hundred day moving average price of $54.74. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $62.41. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business posted $1.00 EPS. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. Equities analysts forecast that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Announces Dividend

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

Realty Income Company Profile

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.