Realty Income Corporation $O Shares Acquired by LMG Wealth Partners LLC

LMG Wealth Partners LLC grew its stake in Realty Income Corporation (NYSE:O) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,789 shares of the real estate investment trust’s stock after buying an additional 3,478 shares during the period. LMG Wealth Partners LLC’s holdings in Realty Income were worth $4,539,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Realty Income in the 2nd quarter valued at $25,000. Keystone Global Partners LLC purchased a new stake in Realty Income in the 1st quarter valued at $26,000. FSC Wealth Advisors LLC raised its position in Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 455 shares during the last quarter. Hilltop National Bank purchased a new stake in Realty Income in the 2nd quarter valued at $36,000. Finally, CBIZ Investment Advisory Services LLC raised its position in Realty Income by 87.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 303 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Up 1.1%

Shares of Realty Income stock opened at $59.97 on Monday. The company has a market cap of $54.83 billion, a P/E ratio of 58.22, a PEG ratio of 4.58 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. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The firm has a fifty day moving average of $59.16 and a two-hundred day moving average of $57.56.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS. On average, analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a $0.2695 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is currently 313.59%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Cantor Fitzgerald assumed 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Barclays upped their price target on shares of Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Evercore ISI assumed 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, UBS Group upped their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $62.25.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value 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 trade represents a 36.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Realty Income 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.