Realty Income Corporation $O Holdings Reduced by Edmp Inc.

Edmp Inc. decreased its position in Realty Income Corporation (NYSE:O) by 2.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 46,791 shares of the real estate investment trust’s stock after selling 1,124 shares during the period. Realty Income makes up approximately 2.3% of Edmp Inc.’s investment portfolio, making the stock its 13th largest position. Edmp Inc.’s holdings in Realty Income were worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in O. Brighton Jones LLC lifted its stake in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares during the period. Bison Wealth LLC acquired a new stake in shares of Realty Income in the 4th quarter worth approximately $571,000. GAMMA Investing LLC lifted its stake in Realty Income by 5.2% during the first quarter. GAMMA Investing LLC now owns 12,180 shares of the real estate investment trust’s stock valued at $707,000 after purchasing an additional 601 shares during the last quarter. CVA Family Office LLC lifted its stake in Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 272 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Realty Income by 6.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 268,992 shares of the real estate investment trust’s stock valued at $15,604,000 after purchasing an additional 15,593 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were 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 in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays increased their target price on shares of Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Mizuho increased their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Evercore ISI initiated coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target for the company. Finally, Cantor Fitzgerald initiated coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price target for the company. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.25.

Realty Income Stock Up 0.8%

Realty Income stock opened at $58.74 on Tuesday. The firm has a market cap of $53.71 billion, a PE ratio of 57.03, a P/E/G ratio of 4.45 and a beta of 0.78. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s 50 day moving average price is $58.99 and its two-hundred day moving average price is $57.50. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.

Realty Income (NYSE:O) last released 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). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 EPS. On average, research analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. This is a positive change 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 5.5%. Realty Income’s dividend payout ratio (DPR) is currently 313.59%.

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.