Pure Financial Advisors LLC Increases Position in Realty Income Corporation $O

Pure Financial Advisors LLC increased its stake in shares of Realty Income Corporation (NYSE:O) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,519 shares of the real estate investment trust’s stock after buying an additional 185 shares during the quarter. Pure Financial Advisors LLC’s holdings in Realty Income were worth $318,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Revisor Wealth Management LLC boosted its holdings in Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock valued at $454,000 after purchasing an additional 178 shares during the last quarter. N.E.W. Advisory Services LLC boosted its holdings in Realty Income by 1.2% in the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock valued at $899,000 after purchasing an additional 186 shares during the last quarter. RB Capital Management LLC boosted its holdings in Realty Income by 1.1% in the second quarter. RB Capital Management LLC now owns 16,596 shares of the real estate investment trust’s stock valued at $956,000 after purchasing an additional 187 shares during the last quarter. Associated Banc Corp boosted its holdings in Realty Income by 1.9% in the first quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust’s stock valued at $595,000 after purchasing an additional 192 shares during the last quarter. Finally, Westbourne Investments Inc. boosted its holdings in Realty Income by 3.9% in the first quarter. Westbourne Investments Inc. now owns 5,300 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 200 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Mizuho upped their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Scotiabank upped their price target on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research note on Saturday, September 27th. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Barclays increased their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.25.

Realty Income Stock Up 0.6%

O opened at $60.41 on Friday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $58.73 and a 200 day moving average price of $57.37. The company has a market cap of $55.24 billion, a PE ratio of 58.65, a price-to-earnings-growth ratio of 4.59 and a beta of 0.78.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 5.4%. Realty Income’s payout ratio is currently 313.59%.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

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.