Beaumont Asset Management L.L.C. Acquires 3,821 Shares of Realty Income Corporation $O

Beaumont Asset Management L.L.C. boosted its holdings in Realty Income Corporation (NYSE:O) by 47.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,864 shares of the real estate investment trust’s stock after purchasing an additional 3,821 shares during the quarter. Beaumont Asset Management L.L.C.’s holdings in Realty Income were worth $683,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in O. Compagnie Lombard Odier SCmA bought a new stake in shares of Realty Income during the second quarter valued at approximately $25,000. Keystone Global Partners LLC bought a new stake in shares of Realty Income during the first quarter valued at approximately $26,000. PSI Advisors LLC increased its holdings in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 252 shares in the last quarter. FSC Wealth Advisors LLC increased its holdings in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 455 shares in the last quarter. Finally, Hilltop National Bank bought a new stake in shares of Realty Income during the second quarter valued at approximately $36,000. 70.81% of the stock is currently owned by institutional investors.

Insider Activity at Realty Income

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

Realty Income Stock Down 1.0%

O stock opened at $59.01 on Thursday. The stock’s fifty day simple moving average is $58.88 and its two-hundred day simple moving average is $57.44. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The stock has a market cap of $53.95 billion, a P/E ratio of 57.29, a P/E/G ratio of 4.56 and a beta of 0.78.

Realty Income (NYSE:O) last posted its quarterly earnings data 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 business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm posted $1.07 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. This is a boost from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is currently 313.59%.

Analyst Ratings Changes

Several research firms have recently commented on O. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Wednesday. UBS Group boosted their price objective on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Barclays upped their price target on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Finally, Scotiabank upped their price target on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.25.

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.