Prosperity Consulting Group LLC Sells 1,316 Shares of Realty Income Corporation $O

Prosperity Consulting Group LLC cut its holdings in Realty Income Corporation (NYSE:O) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,182 shares of the real estate investment trust’s stock after selling 1,316 shares during the period. Prosperity Consulting Group LLC’s holdings in Realty Income were worth $1,854,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new stake in Realty Income in the second quarter worth $25,000. Keystone Global Partners LLC bought a new stake in shares of Realty Income in the first quarter worth about $26,000. Avion Wealth grew its stake in shares of Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Realty Income in the second quarter worth about $36,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of Realty Income by 87.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 303 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred 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 completion of the transaction, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on O. Barclays raised their target price on Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Scotiabank raised their target price on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. UBS Group raised their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, Cantor Fitzgerald assumed coverage on Realty Income in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average price target of $62.67.

Realty Income Price Performance

O stock opened at $56.24 on Wednesday. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $61.08. The company has a market cap of $51.42 billion, a P/E ratio of 54.60, a PEG ratio of 4.46 and a beta of 0.78. The firm has a 50-day moving average of $59.33 and a 200 day moving average of $57.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. Realty Income’s revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.2695 per share. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is presently 313.59%.

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.