Meridian Wealth Advisors LLC Decreases Stake in Realty Income Corporation $O

Meridian Wealth Advisors LLC cut its stake in shares of Realty Income Corporation (NYSE:O) by 4.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 72,298 shares of the real estate investment trust’s stock after selling 3,013 shares during the period. Meridian Wealth Advisors LLC’s holdings in Realty Income were worth $4,165,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 615 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of Realty Income during the 4th quarter worth $571,000. IFP Advisors Inc increased its holdings in Realty Income by 28.3% in the first quarter. IFP Advisors Inc now owns 10,234 shares of the real estate investment trust’s stock valued at $594,000 after buying an additional 2,259 shares in the last quarter. PFG Advisors purchased a new position in Realty Income in the 1st quarter valued at approximately $244,000. Finally, Choreo LLC increased its position in shares of Realty Income by 4.5% in the first quarter. Choreo LLC now owns 26,529 shares of the real estate investment trust’s stock valued at $1,537,000 after buying an additional 1,133 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction dated 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 owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on O shares. Mizuho lifted their price objective on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research report on Wednesday. Cantor Fitzgerald dropped their price target on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Wall Street Zen upgraded shares of Realty Income from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Finally, Barclays boosted their price objective on Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.33.

Realty Income Stock Performance

Shares of O opened at $56.62 on Friday. The firm has a market cap of $52.09 billion, a price-to-earnings ratio of 54.97, a PEG ratio of 4.46 and a beta of 0.77. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $58.75 and its two-hundred day moving average is $57.83. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.08.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $0.2695 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Friday, November 28th. Realty Income’s dividend payout ratio is 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.