Capital Advisors Inc. OK Has $31.15 Million Stock Holdings in Realty Income Corporation $O

Capital Advisors Inc. OK increased its holdings in Realty Income Corporation (NYSE:O) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 540,747 shares of the real estate investment trust’s stock after buying an additional 6,235 shares during the quarter. Capital Advisors Inc. OK’s holdings in Realty Income were worth $31,152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in O. Brighton Jones LLC raised its position in Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 615 shares in the last quarter. Bison Wealth LLC bought a new stake in Realty Income during the fourth quarter worth about $571,000. SeaCrest Wealth Management LLC grew its stake in Realty Income by 15.9% during the first quarter. SeaCrest Wealth Management LLC now owns 5,848 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 802 shares during the last quarter. Gateway Investment Advisers LLC grew its stake in Realty Income by 12.1% during the first quarter. Gateway Investment Advisers LLC now owns 34,402 shares of the real estate investment trust’s stock worth $1,996,000 after buying an additional 3,719 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Realty Income during the first quarter worth about $201,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity 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 sale, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This 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 available through this link. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Realty Income in a research note on Wednesday. They set a “neutral” rating and a $64.00 price objective on the stock. Scotiabank upped their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Evercore ISI assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, UBS Group upped their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.25.

Realty Income Price Performance

O opened at $60.41 on Monday. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The company’s 50 day simple moving average is $58.73 and its 200-day simple moving average is $57.38. The stock has a market capitalization of $55.24 billion, a P/E ratio of 58.65, a price-to-earnings-growth ratio of 4.62 and a beta of 0.78.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $1.07 earnings per share. Realty Income’s revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. This is an increase from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. Realty Income’s payout ratio is currently 313.59%.

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.