Cohen Investment Advisors LLC Increases Holdings in Realty Income Corporation $O

Cohen Investment Advisors LLC lifted its position in Realty Income Corporation (NYSE:O) by 5.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,710 shares of the real estate investment trust’s stock after purchasing an additional 2,580 shares during the period. Cohen Investment Advisors LLC’s holdings in Realty Income were worth $2,691,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Brighton Jones LLC raised its stake 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 buying an additional 615 shares in the last quarter. Bison Wealth LLC bought a new position in Realty Income in the fourth quarter worth approximately $571,000. Wedmont Private Capital raised its stake in Realty Income by 11.6% in the first quarter. Wedmont Private Capital now owns 4,841 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 503 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Realty Income by 230.4% in the first quarter. Farther Finance Advisors LLC now owns 18,145 shares of the real estate investment trust’s stock worth $1,037,000 after buying an additional 12,654 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in Realty Income by 10.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 22,269 shares of the real estate investment trust’s stock worth $1,292,000 after buying an additional 2,066 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director directly owned 19,211 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of O opened at $59.01 on Thursday. The firm has a market capitalization of $53.95 billion, a PE ratio of 57.29, a price-to-earnings-growth ratio of 4.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company’s fifty day moving average price is $58.88 and its 200-day moving average price is $57.44.

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

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.2695 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.5%. Realty Income’s dividend payout ratio is currently 313.59%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Evercore ISI began coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Barclays upped their price target on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Mizuho upped their price target on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Finally, Scotiabank upped their price target on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average price target of $62.25.

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.