Tred Avon Family Wealth LLC Takes Position in Realty Income Corporation $O

Tred Avon Family Wealth LLC bought a new stake in Realty Income Corporation (NYSE:O) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 15,601 shares of the real estate investment trust’s stock, valued at approximately $948,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA purchased a new position in shares of Realty Income during the second quarter worth about $25,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Realty Income in the 3rd quarter valued at about $29,000. Avion Wealth grew its stake in Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 309 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Realty Income during the second quarter worth approximately $31,000. Finally, Country Trust Bank increased its position in Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 500 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of O stock opened at $61.43 on Friday. The stock has a fifty day moving average price of $57.43 and a 200 day moving average price of $58.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $56.51 billion, a PE ratio of 56.88, a P/E/G ratio of 3.95 and a beta of 0.80. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $61.54.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.Realty Income’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a $0.27 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s dividend payout ratio is 300.00%.

Wall Street Analyst Weigh In

Several research firms have commented on O. Mizuho reduced their price objective on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Evercore ISI started coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a research report on Thursday, December 18th. Morgan Stanley upped their price objective on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Finally, Wall Street Zen lowered Realty Income from a “hold” rating to a “sell” rating in a report on Sunday. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.23.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.