Wealth Enhancement Advisory Services LLC Grows Position in Realty Income Corporation $O

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Realty Income Corporation (NYSE:O) by 143.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 668,820 shares of the real estate investment trust’s stock after buying an additional 394,050 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Realty Income were worth $39,882,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds 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 valued at about $25,000. Heartwood Wealth Advisors LLC bought a new position in Realty Income during the third quarter valued at approximately $29,000. Avion Wealth grew its holdings in Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Realty Income in the 2nd quarter worth approximately $31,000. Finally, Country Trust Bank raised its holdings in shares of Realty Income by 806.5% during the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 500 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

Shares of O stock opened at $61.82 on Wednesday. The stock has a 50 day moving average price of $57.62 and a 200 day moving average price of $58.17. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.94. 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 firm has a market capitalization of $56.86 billion, a P/E ratio of 57.24, a P/E/G ratio of 3.95 and a beta of 0.80.

Realty Income (NYSE:O) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 2.45% and a net margin of 17.17%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, sell-side analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.27 per share. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, January 30th. Realty Income’s dividend payout ratio is presently 300.00%.

Analysts Set New Price Targets

O has been the topic of several research reports. Cantor Fitzgerald reduced their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Royal Bank Of Canada boosted their target price on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Barclays increased their price target on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. Evercore ISI began coverage on 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. Finally, Wells Fargo & Company upped their price objective on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.71.

About Realty Income

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.