Summit Trail Advisors LLC Acquires 1,828 Shares of Realty Income Co. (NYSE:O)

Summit Trail Advisors LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 44.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,974 shares of the real estate investment trust’s stock after purchasing an additional 1,828 shares during the quarter. Summit Trail Advisors LLC’s holdings in Realty Income were worth $316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Realty Income by 6.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 55,196 shares of the real estate investment trust’s stock worth $2,915,000 after buying an additional 3,200 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Realty Income by 0.8% during the second quarter. Thrivent Financial for Lutherans now owns 176,074 shares of the real estate investment trust’s stock worth $9,300,000 after acquiring an additional 1,359 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in shares of Realty Income by 4.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 165,988 shares of the real estate investment trust’s stock valued at $8,767,000 after purchasing an additional 7,800 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of Realty Income by 29.9% during the second quarter. AE Wealth Management LLC now owns 11,277 shares of the real estate investment trust’s stock worth $596,000 after purchasing an additional 2,599 shares during the period. Finally, King Luther Capital Management Corp lifted its holdings in Realty Income by 24.0% during the 2nd quarter. King Luther Capital Management Corp now owns 32,821 shares of the real estate investment trust’s stock worth $1,734,000 after purchasing an additional 6,363 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’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 directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, 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 value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was 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 of the company’s stock, valued at $319,467.89. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Realty Income Trading Up 1.1 %

Shares of Realty Income stock opened at $62.32 on Tuesday. The firm has a market capitalization of $54.27 billion, a PE ratio of 57.70, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $60.40 and its 200 day moving average is $55.79. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $63.39.

Realty Income (NYSE:O) last announced its quarterly 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 company 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 quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the company posted $1.00 earnings per share. Equities research analysts forecast that Realty Income Co. will post 3.93 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.2635 per share. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. This represents a dividend yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st. Realty Income’s payout ratio is 292.59%.

Analysts Set New Price Targets

Several research firms have weighed in on O. Stifel Nicolaus increased their price objective on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Robert W. Baird lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. UBS Group raised their target price on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Wedbush assumed coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target for the company. Finally, KeyCorp initiated coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.