Harvest Portfolios Group Inc. Has $1.93 Million Stock Holdings in Realty Income Corporation $O

Harvest Portfolios Group Inc. increased its position in Realty Income Corporation (NYSE:O) by 17.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,544 shares of the real estate investment trust’s stock after purchasing an additional 4,942 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Realty Income were worth $1,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Realty Income during the 2nd quarter worth approximately $25,000. Keystone Global Partners LLC bought a new position in Realty Income in the first quarter valued at approximately $26,000. Avion Wealth boosted its stake in Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 309 shares during the last quarter. Hilltop National Bank acquired a new stake in Realty Income during the 2nd quarter worth $36,000. Finally, CBIZ Investment Advisory Services LLC raised its position in shares of Realty Income by 87.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 303 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

O has been the subject of a number of analyst reports. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Barclays boosted their target price on Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Evercore ISI assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target on the stock. Finally, Royal Bank Of Canada lifted their price objective on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.33.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their position. 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 Trading Up 0.9%

NYSE:O opened at $56.83 on Friday. 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 business’s 50-day simple moving average is $59.21 and its 200-day simple moving average is $57.88. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08. The stock has a market capitalization of $51.96 billion, a PE ratio of 55.17, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a $0.2695 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.7%. Realty Income’s dividend payout ratio is presently 299.07%.

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.