Cetera Investment Advisers Buys 23,107 Shares of Realty Income Co. (NYSE:O)

Cetera Investment Advisers lifted its stake in shares of Realty Income Co. (NYSE:O) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 974,442 shares of the real estate investment trust’s stock after acquiring an additional 23,107 shares during the quarter. Cetera Investment Advisers owned approximately 0.11% of Realty Income worth $51,470,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Vima LLC purchased a new stake in shares of Realty Income during the fourth quarter worth about $25,000. Pacifica Partners Inc. increased its position in shares of 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 in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Realty Income during the 1st quarter valued at $27,000. Bell Investment Advisors Inc boosted its position in shares of Realty Income by 69.6% in the 1st 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 in the last quarter. Finally, Able Wealth Management LLC acquired a new position in Realty Income during the 4th quarter valued at about $32,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 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 in the company, valued at $1,663,313.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director A. Larry Chapman sold 5,000 shares of the company’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 completion of the sale, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $62.99 on Wednesday. The company has a market cap of $54.85 billion, a P/E ratio of 58.32, a P/E/G ratio of 4.34 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. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $63.60. The company’s 50-day moving average price is $61.05 and its 200-day moving average price is $56.22.

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 for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The company’s revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 EPS. On average, sell-side analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company 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 a positive change 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 payout ratio is presently 292.59%.

Analysts Set New Price Targets

O has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Wedbush started coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target for the company. UBS Group boosted their price objective on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. KeyCorp began coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, Robert W. Baird raised their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.80.

Realty Income 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.