Bridgewater Advisors Inc. Buys 911 Shares of Realty Income Corporation $O

Bridgewater Advisors Inc. boosted its position in shares of Realty Income Corporation (NYSE:O) by 20.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,394 shares of the real estate investment trust’s stock after buying an additional 911 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Realty Income were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in O. Compagnie Lombard Odier SCmA purchased a new position in shares of Realty Income during the 2nd quarter worth about $25,000. Keystone Global Partners LLC bought a new stake in Realty Income in the first quarter worth about $26,000. Avion Wealth grew its stake in shares of Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares during the last quarter. Hilltop National Bank bought a new position in shares of Realty Income during the second quarter valued at approximately $36,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Realty Income by 87.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 303 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on O. Cantor Fitzgerald began coverage on Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price objective for the company. UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Barclays boosted their target price on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Royal Bank Of Canada raised their price target on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Scotiabank lifted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.67.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $56.24 on Wednesday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.08. The stock has a market capitalization of $51.42 billion, a price-to-earnings ratio of 54.60, a P/E/G ratio of 4.46 and a beta of 0.78. The stock has a fifty day simple moving average of $59.33 and a two-hundred day simple moving average of $57.91. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a $0.2695 dividend. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 5.8%. Realty Income’s payout ratio is currently 313.59%.

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.