Legacy Financial Advisors Inc. Acquires 222 Shares of Realty Income Co. (NYSE:O)

Legacy Financial Advisors Inc. grew its stake in shares of Realty Income Co. (NYSE:O) by 1.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,842 shares of the real estate investment trust’s stock after purchasing an additional 222 shares during the period. Legacy Financial Advisors Inc.’s holdings in Realty Income were worth $678,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC bought a new position in shares of Realty Income during the fourth quarter valued at about $379,000. Texas Permanent School Fund Corp lifted its position in shares of Realty Income by 15.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock worth $9,301,000 after buying an additional 22,440 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Realty Income by 4.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after buying an additional 51,574 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Realty Income by 17.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after acquiring an additional 171,166 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Realty Income by 5.4% during the fourth quarter. Treasurer of the State of North Carolina now owns 330,673 shares of the real estate investment trust’s stock valued at $18,987,000 after acquiring an additional 16,831 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Up 1.5 %

Shares of O opened at $61.63 on Friday. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $63.39. The stock has a market cap of $53.67 billion, a PE ratio of 57.06, a P/E/G ratio of 4.65 and a beta of 0.99. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $60.28 and its 200-day moving average price is $55.69.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. On average, equities analysts forecast that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a $0.2635 dividend. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. This represents a yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st. Realty Income’s dividend payout ratio is currently 292.59%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley restated an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. KeyCorp initiated coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. Stifel Nicolaus lifted their price objective on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Wedbush assumed coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.59.

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.