Realty Income Co. (NYSE:O) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC raised its stake in shares of Realty Income Co. (NYSE:O) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,941 shares of the real estate investment trust’s stock after purchasing an additional 294 shares during the period. Brighton Jones LLC’s holdings in Realty Income were worth $314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vima LLC acquired a new position in Realty Income during the fourth quarter worth approximately $25,000. Pacifica Partners Inc. increased its position in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Realty Income during the first quarter worth approximately $27,000. Bell Investment Advisors Inc increased its position in Realty Income by 69.6% during the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 217 shares during the last quarter. Finally, Able Wealth Management LLC acquired a new position in Realty Income during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Up 1.5 %

Shares of NYSE:O opened at $61.63 on Monday. The stock has a market capitalization of $53.67 billion, a price-to-earnings ratio of 57.06, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $63.39. The company’s fifty day moving average is $60.28 and its two-hundred day moving average is $55.72. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the company posted $1.00 earnings per share. Equities analysts anticipate that Realty Income Co. will post 3.93 EPS for the current 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 issued a dividend of $0.2635 per share. This represents a dividend yield of 5%. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date is Tuesday, October 1st. Realty Income’s dividend payout ratio is 292.59%.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Royal Bank of Canada increased their price objective on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Stifel Nicolaus upped their target price on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Scotiabank upped their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.59.

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.