Realty Income Co. (NYSE:O) Stock Position Raised by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. raised its position in shares of Realty Income Co. (NYSE:O) by 51.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,262 shares of the real estate investment trust’s stock after purchasing an additional 4,524 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Realty Income were worth $701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of O. Vanguard Group Inc. boosted its stake in Realty Income by 18.3% during the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after purchasing an additional 20,848,560 shares during the period. Raymond James & Associates lifted its stake in shares of Realty Income by 76.6% in the 2nd quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock worth $177,844,000 after acquiring an additional 1,460,884 shares during the period. GRS Advisors LLC acquired a new stake in shares of Realty Income in the 4th quarter worth approximately $58,843,000. Canada Pension Plan Investment Board lifted its stake in shares of Realty Income by 63.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust’s stock worth $137,886,000 after acquiring an additional 1,010,876 shares during the period. Finally, Cullen Capital Management LLC acquired a new stake in shares of Realty Income in the 4th quarter worth approximately $56,076,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s 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 transaction, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Realty Income Stock Down 0.6 %

O stock opened at $62.01 on Friday. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $63.60. 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 company has a market cap of $54.00 billion, a price-to-earnings ratio of 57.42, a PEG ratio of 4.34 and a beta of 0.99. The company has a 50 day moving average of $61.34 and a two-hundred day moving average of $56.41.

Realty Income (NYSE:O) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $1.00 EPS. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. On average, equities analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on O. UBS Group upped their price target on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. KeyCorp started coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. Stifel Nicolaus raised their target price on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Ten investment 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 stock presently has a consensus rating of “Hold” and a consensus target price of $62.80.

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.