Leslie Global Wealth LLC Sells 40,274 Shares of Realty Income Corporation $O

Leslie Global Wealth LLC decreased its position in shares of Realty Income Corporation (NYSE:O) by 90.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,022 shares of the real estate investment trust’s stock after selling 40,274 shares during the quarter. Leslie Global Wealth LLC’s holdings in Realty Income were worth $232,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Moseley Investment Management Inc. raised its holdings in Realty Income by 1.3% during the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock valued at $781,000 after acquiring an additional 175 shares during the period. Castle Rock Wealth Management LLC raised its stake in Realty Income by 0.6% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 177 shares during the period. Creative Financial Designs Inc. ADV raised its stake in Realty Income by 10.7% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 177 shares during the period. Revisor Wealth Management LLC lifted its holdings in Realty Income by 2.3% in the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 178 shares in the last quarter. Finally, Pure Financial Advisors LLC lifted its holdings in Realty Income by 3.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.7%

Shares of NYSE O opened at $57.55 on Friday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.08. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The business’s 50 day moving average is $58.49 and its two-hundred day moving average is $57.87. The stock has a market capitalization of $52.94 billion, a P/E ratio of 55.87, a PEG ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business earned $1.05 EPS. The company’s quarterly 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. As a group, research analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.2695 per share. The ex-dividend date is Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 5.6%. Realty Income’s payout ratio is 299.07%.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s 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 sale, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on O. UBS Group increased their price objective on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Cantor Fitzgerald cut their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Barclays boosted their price target on shares of Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Wall Street Zen raised shares of Realty Income from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Finally, Scotiabank lifted their target price 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 twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.15.

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.