Wealthspire Advisors LLC Buys 1,860 Shares of Realty Income Corporation $O

Wealthspire Advisors LLC lifted its stake in shares of Realty Income Corporation (NYSE:O) by 5.2% during the second quarter, Holdings Channel.com reports. The firm owned 37,940 shares of the real estate investment trust’s stock after acquiring an additional 1,860 shares during the period. Wealthspire Advisors LLC’s holdings in Realty Income were worth $2,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Realty Income by 2.5% in the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after acquiring an additional 3,624,852 shares in the last quarter. Nuveen LLC acquired a new stake in Realty Income in the 1st quarter valued at $207,573,000. Geode Capital Management LLC grew its position in Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after purchasing an additional 2,058,031 shares during the period. ABN Amro Investment Solutions bought a new stake in Realty Income during the 2nd quarter valued at $70,939,000. Finally, Centersquare Investment Management LLC raised its holdings in Realty Income by 27.0% during the first quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock worth $288,375,000 after buying an additional 1,055,840 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

O has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Realty Income from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Cantor Fitzgerald dropped 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a report on Thursday, November 13th. Royal Bank Of Canada increased their price objective on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Finally, Barclays raised their target price on Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.33.

Realty Income Trading Down 1.1%

Shares of O stock opened at $56.70 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $52.15 billion, a price-to-earnings ratio of 55.04, a PEG ratio of 4.46 and a beta of 0.77. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.08. The company has a 50-day simple moving average of $58.91 and a two-hundred day simple moving average of $57.85.

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

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $0.2695 dividend. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Friday, November 28th. Realty Income’s dividend payout ratio is 299.07%.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.